Expected DA is now confirmed by AICPIN for November 2014
As we discussed in our earlier post regarding DA hike from January 2015, the expected DA hike from January 2015 is now all most confirmed by the November Month’s AICPIN. The Press Release issued by labour bureau on 31st December 2014 declared that the AICPIN points for November 2014 is 253 points. The Index shows that AICPIN points remained stationary at 253 for the fourth consecutive month. So the rate of DA, as we predicted in our previous two posts ( the link for that two Post provided below), will be 113% from January 2015.
AICPIN for November 2014
No. 5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: the 31st December, 2014
Consumer Price Index for Industrial Workers (CPI-IW) – November, 2014
The All-India CPI-IW for November, 2014 remained stationary at 253 (two hundred and fifty three). On l-month percentage change, it remained static between October, 2014 and November, 2014 when compared with the rise of 0.83 per cent between the same two months a year ago.
The largest upward pressure to the change in current index came from Miscellaneous group contributing (+) 0.17 percentage points to the total change. At item level, Wheat, Rice, Moong Dal, Masur Dal, Arhar Dal, Eggs (Hen), Goat Meat, Milk (Cow), Onion, Tea (Readymade), Private Tution Fee, Flower/F lower Garlands, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Ginger, Chillies green, Vegetable items, Sugar, Petrol, etc., putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-1W stood at 4.12 per cent for November, 2014 as compared to 4.98 per cent for the previous month and 11.47 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 2.56 per cent against 4.48 per cent of the previous month and 16.17 per cent during the corresponding month of the previous year.
At centre level, Madurai reported an increase of 12 points followed by Chennai (11 points), Tiruchirapally (7 points), Coonoor (6 points), Salem and Coimbatore (5 points each) and Bangluru (4 points). Among others, 3 points rise was observed in 3 centres, 2 points in 7 centres and 1 point in 9 centres. On the contrary, Srinagar recorded a decrease of 6 points and Ghaziabad (5 points). Among others, 4 points fall was registered in 2 centres, 3 points in 6 centres, 2 points in 12 centres and 1 point in 19 centres. Rest of the 11 centres’ indices remained stationary.
The indices of 38 centres are above and other 39 centres’ indices are below national average. The index of Bhopal centre remained at par with all-India index.
The next index of CPI-1W for the month of December, 2014 will be released on Friday, 30 January, 2015. The same will also be available on the office website www.labourbureau. gov. in.