HomeDearness Allowance

Expected DA/DR from Jan, 2015: AICPIN released for Aug, 2014

After the getting the additional installment of dearness allowance from Jul, 2014 and Dearness Relief from July, 2014 @ 7% now everyone looking for the
expectation of DA/DR from Jan, 2015.  Expected DA/DR is now entered in 2nd
step.  The 1 point increase in Aug, 2015 All India Consumer Price Index Number (AICPIN) for Industrial Worder is showing minor increase
in expected DA/DR. AICPIN was increased 6 point in last month i.e. July, 2014
and in view of such type of variation the specuation of future DA/DR become
harder. 1 point increase in August, 2014 AICPIN is registering  6% increase
i.e. 113% DA/DR (1% increase in last months’ calculation). Readers are again
requested not to take it final. Following table may help you to expect the approximate increase Jan, 2015 DA/DR:

Expect-
ation
Increase/
Decrease
Index
Month Base
Year
2001
= 100
Total
of 12
Months
Twelve
monthly
Average
% increase
over 115.76
for   DA
DA
announced
or will be
announced

-4 Dec,13 239 2786 232.17 100.56% 100%
Expected DA
from July,
2014 is to be
Announce by
Govt.
DA/DR from
July, 2014
-2 Jan,14 237 2802 233.50 101.71%
1 Feb,14 238 2817 234.75 102.79%
1 Mar,14 239 2832 236.00 103.87%
3 Apr,14 242 2848 237.33 105.02%
2 May,14 244 2864 238.67 106.17%
2 Jun,14 246 2879 239.92 107.25%
JUL+AICPIN 6 Jul,14 252 2896 241.33 108.48% 107%
Aug+AICPIN 1 Aug,14 253 2912 242.67 109.63% 113%
No increase
in next 4
months
0 Sep,14 253 2927 243.92 110.71%
0 Oct,14 253 2939 244.92 111.57%
0 Nov,14 253 2949 245.75 112.29%
0 Dec,14 253 2963 246.92 113.30%
Expected DA/DR from Jan, 2015
1 Point
increase in
every month
or total 4
points
increase
1 Sep,14 254 2928 244.00 110.78%
1 Oct,14 255 2942 245.17 111.79%
1 Nov,14 256 2955 246.25 112.72%
1 Dec,14 257 2973 247.75 114.02%
Expected DA/DR from Jan, 2015
114%
2 Points
increase in
every month
or total 8
points
increase
2 Sep,14 255 2929 244.08 110.85%
2 Oct,14 257 2945 245.42 112.00%
2 Nov,14 259 2961 246.75 113.16%
2 Dec,14 261 2983 248.58 114.74%
Expected DA/DR from Jan, 2015
114%

you may also download/save the excel sheet for self calculation.  The link for excel sheet is given below:

DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF [click on File-Menu & download]


Press Release of AICPIN for Aug 2014 – 1 Points increased and stands at 253

No. 5/’1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004
DATED: the 30th September, 2014

Press Release

Consumer Price Index for Industrial Workers (CP-IW) – August, 2014

The All-India CPI (IW) for August, 2014 increased by 1 point and pegged at 253 (two hundred and fifty three). On 1-month percentage change, it increased by 0.40 per cent between July, 2014 and August, 2014 when compared with the rise of 0.85 per cent between the same two months a year ago. 

The largest upward pressure to the change in current index came from Food group contributing 1.03 percentage points to the total change. At item level, Wheat, Pulses, Milk, Chillies-green, Potato, Tomato, Green vegetables & fruits, Tea (Readymade), Snack Saltish, Bidi, Chewing tobacco, Pan finished, Fire wood, Doctor’s fee, Cable charges, Auto rickshaw & Bus Fare, Flower/Flower garlands, Toiletries, Tailoring charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Eggs (Hen), Fish Fresh, Poultry (Chicken), Ginger, Sugar, Electricity Charges, Medicine (Allopathic), Petrol, etc., putting downward pressure on the index. 

The year-on-year inflation measured by monthly CPI~lW stood at 6.75 per cent for August, 2014 as compared to 7.23 per cent for the previous month and 10.75 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.63 per cent against 8.11 per cent of the previous month and 13.91 per cent during the corresponding month of the previous year. 

At centre level, Nasik and Vadodara recorded the maximum increase of 8 points each followed by Chhindwara (7 points) and Surat (6 points). Among others, 5 points rise was observed in 4 centres, 4 points in 5 centres, 3 points in 7 centres, 2 points in 15 centres and 1 point in 16 centres. On the contrary, Goa reported a decrease of 8 points followed by Mysore (4 points). Among others, 3 points fall was observed in 3 centres, 2 points in 5 centres and 1 point in 6 centres. Rest of the 11 centres’ indices remained stationary. 

The indices of 39 centres are above and other 39 centres are below national average.

The next index of CPI-IW for the month of September, 2014 will be released on Friday, 31 October, 2014. The same will also be available on the office website www. iabourbureau. gov. in.

(S.S. NEGI)
DIRECTOR
Source: http://labourbureau.nic.in/press_note_eng_Aug_2014.pdf

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