AICPIN for April 2014 and Dearness Allowance from July 2014
According to the Press Release issued by Labour Bureau the All-India Average Consumer Price Index Numbers for Industrial Workers for the Month of April 2014 increased by 3 points and pegged at 242. It is now confirmed that the expected DA for July 2014 will be enhanced by 6% even if the next two months AICPIN decreased by two points. The good news is we can expect more than 6% if the AICPIN increased by two or more points for the next consecutive two months.
Through this April’s AICPIN , it is now almost confirmed that the rate of Dearness Allowance to be paid for central government employees from July 2014 will be 106%. Depending upon the increase of AICPIN for the remaining two months ,the rate of DA may go up to 107%.
AICPIN for April 2014 : press release
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: the 30th May, 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