The Dearness Allowance and AICPIN for the Month of May 2014
The AICPIN for May 2014 has been released by Labour Bureau to day. According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for May, 2014 increased by 2 points and pegged at 244 (two hundred and forty four). As a result of this the rate of Dearness Allowance, according to the past 12 months average of AICPIN, has slightly increased over 106%. See the table below.. The AICPIN for the month of June 2014 will determine the rate of DA to paid from July 2014. The AICPIN for June 2014 will be released on 31st July 2014
Expected DA from July 2014
|Month& Year||Base Year 2001=100||Total of 12 months||Twelve monthly Average||% increases over 115.76 for DA|
AICPIN for MAY 2014
No. 5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: the 30th June, 2014
Consumer Price Indc for Industrial Workers (CPI-1W) – May, 2014
The All-India CPI-1W for May, 2014 increased by 2 points and pegged at 244 (two hundred and forty four). On 1-month percentage change. it increased by 0.83 percent between April. 2014 and May. 2014 when compared with the rise of 0.88 per cent between thy same two months a year ago.
The largest upward pressure to the change in current index carne from Food group contributing 1.65 percentage points to the total change. At item level, Rice, Coconut Oil, Fish Fresh, Poultry, Milk, Onion. Vegetables & Fruits, Sugar, Cigarette, Electricity Charges, ele. 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 7.02 per cent for May. 2014 as compared to 7.08 per cent for the previous month and 10.68 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.66 per cent against 7.76 per cent of the previous month and 13.24 per cent during the corresponding month of the previous year.
At centre level, Coinibatore recorded the maximum increase of 9 points followed by Bhavnagar (7 points) and Amritsar, Mercara and Tiruchirapally (6 points each). Among others 5 points rise was registered in 7 centres. 4 points in 11 centres, 3 points in 13 centres, 2 points in 11centres and 1 point in 10 centres. On the contraly a decline of 5 points was reported in Giridih, 4 points in Chhindwara, 3 points in 2 centres. 2 points in 1 centre and 1 point in 7 centres. Indices of remaining 9 centres observed no change.
The indices of 35 centres are above and other 41 centres are below national average. The index of Vishakhapaitinam and Chandigarh is at par with all-India index.
The next index of CPI-1W for the month of June, 2014 vi1l be released on Thursday. 31 July, 2014. The same will also be available on the office website www. Labourbureau.gov.in.