Expected DA from July 2014: AICPIN for April 2014

Expected DA/DR from July, 2014 after April, 2014 AICPIN confirmed to be 6% may increase upto 7%.

Estimation of Dearness Allowance/Dearness Relief expected from July, 2014 on the basis of
April, 2014 AICPIN is walked 1 step further. After
1 points increase in last month All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for the month of April, 2014 increased by 3 points and pegged at 242 (two hundred and forty Two).  This
3 points increase in Index confirmed 6% increase in future DA/DR and expected to
increase upto 7%.  Next months’ AICPIN will give more clear picture of expected DA/DR from July, 2014.  Expectation of DA/DR for July, 2014 may
analyzed with table is given below:-

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 CPI-IW for April, 2014:

Consumer Price Index for Industrial Workers (CPI-I W) – April, 2014

The All-India CPI-1W for April, 2014 increased by 3 points and pegged at 242 (two hundred and forty two). On 1-month percentage change, it increased by 1.26 percent between March, 2014 and April, 2014 when compared with the rise of 0.89 percent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 2.53 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Moong Dal, Fish Fresh, Goat Meat, Milk (Buffalo), Vegetab’es & Fruits, Sugar, Electricity Charges, etc, are responsible for the increase in index. However, this increase was restricted to some extent by Petrol putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-1W stood at 7.08 percent for April, 2014 as compared to 6.70 per cent for the previous month and 10.24 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.76 per cent against 7.50 per cent of the previous month and 12.39 per cent during the corresponding month of the previous year.

At centre level, Angul-Talcher, Amer and Asansol recorded the maximum increase of 7 points cach followed by Ludhiana, Ernakulam, Kodarma, Giridih and Tiruchirapally (6 points each) and Nagpur, Ghaziabad, Rangapara-Tezpur. Salem and Jabalpur (5 points each). Among others, 4 points rise was registered in 12 centres, 3 points in 16 centres, 2 poInts in 24 centres and 1 point In 8 centres. On the contrary, Munger-Jamalpur reported a decline of 4 points. Indices of remaining 4 centres observed no change.

The indices of 36 centres are above and other 41 centres are below national average. The index of Munger-Jamalpur is at par with all-India index.

The next index of CPI-1W for the month of May, 2014 will be released on Monday, 30 June, 2014. The same will also be available on the office website www,labourbureau.gov.in

Source: http://labourbureau.gov.in/Press_IW_APR2014.pdf