Expected DA/DR from Jul, 2024 – All-India CPI-IW for the month of Jan, 2024

Expected DA/DR from Jul, 2024 – All-India CPI-IW for the month of Jan, 2024 issued by Labour Bureau on 29.02.2024

The All-India CPI-IW for Jan, 2024 increased by 0.1 points and stood at 138.9 (one hundred thirty eight point nine). This increase in CPI-IW is opening the account of Expected DA/DR from Jul, 2024 i.r.o. Central Govt Employees and Pensioners with small increase in 1st month.  Rest of 5 months’ CPI-IW index will give the exact figure of DA/DR of Jan, 2024 and with the issue of index of the calculation and expectation of half yearly increase in DA/DR is being started.

The DA/DR from Jan, 2024 has also confirmed to be 50% with 4 percent increase in existing rate.  As per prevailing practice this increase will be approved by Cabinet in this month of March, 2024.  The Central Govt. Employees and Pensioners are eagerly waiting for Cabinet Approval and issuance of DoE OM in this regard.

The DA/DR from Jul, 2024 table is as follows:-

Previous: DA/DR from Jan, 2024 @ 50% Confirmed- 4 प्रतिशत की वृद्धि के साथ जनवरी, 2024 से DA/DR 50 प्रतिशत निश्चित  – CPI-IW for Dec, 2023 released

Press release dated 29.02.2024 by Labour Bureau:-

GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

Shram Bureau Bhawan, Block No. 2,
Institutional Area, Sector 38 (West),
Chandigarh — 160036
Dated: 29th February, 2024

F.No. 5/1/2021-CPI

Press Release

Consumer Price Index for Industrial Workers (2016=100) — January, 2024

The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of January, 2024 is being released in this press release.

The All-India CPI-IW for January, 2024 increased by 0.1 point and stood at 138.9 (one hundred thirty eight point nine). On 1-month percentage change, it increased by 0.07 per cent with respect to previous month compared to increase of 0.38 per cent recorded between corresponding months a year ago.

The maximum upward pressure in current index came from Housing group contributing 0.48 percentage points to the total change. At item level, House rent, Ladies Suiting, Casual wear, Saree Cotton, Woolen Sweater/Pull-over, Plastic/PVC Shoes, Tailoring/Embroidery Charges, Chewing Tobacco, Foreign/Refined Liquor, Pan Masala, etc. are responsible for the rise in the index. However, this increase was largely checked by Onion, Potato, Tomato, Brinjal, Ginger, Peas, Cabbage, Cauliflower, French Beans, Lady’s Finger, Banana, Grapes, Papaya, Pomegranate, Coconut Fresh with Pulp, Kerosene Oil, Charcoal, etc. putting downward pressure on the index.

At centre level, Raniganj recorded a maximum increase of 4.2 points followed by Ramgarh with 2.5 points. Among others, 7 centres recorded increase between | to 1.9 points, 38 centres between 0.1 to 0.9 points. On the contrary, Guwahati and Tripura recorded a maximum decrease of 1.7 points each. Among others, 7 centres recorded decrease between | to 1.4 points, 30 centres between 0.1 to 0.9 points. Rest of two centres’ index remained stationary.

Year-on-year inflation for the month stood at 4.59 per cent compared to 4.91 per cent for the previous month and 6.16 per cent during the corresponding month a year before. Similarly, Food inflation stood at 7.66 per cent against 8.18 per cent of the previous month and 5.69 per cent during the corresponding month a year ago.

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