December 2017 AICPIN Released – 2% DA hike from January 2018 confirmed.
AICPIN for December 2017 was released and it has been decreased by two points from 288 and pegged at 286. But the DA from January 2018, as expected , will be increased by 2% and total DA to be paid from Jan 2018 is 7% . Enhancing the rate of DA with effect from 1st January 2018 has to be approved by Union Cabinet. It is expected that Cabinet will give its approval in first week of March . Subsequently the DA order will be issued by Finance Ministry soon.
AICPIN for December 2017
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 31st January, 2018
Consumer Price Index for Industrial Workers (CPI-IW) — December, 2017
The All-India CPI-IW for December, 2017 decreased by 2 points and pegged at 286 (two hundred and eighty six). On 1-month percentage change, it decreased by (-) 0.69 per cent between November, 2017 and December, 2017 when compared with the decrease of (-) 0.72 per cent for the corresponding months of last year.
The maximum downward pressure to the change in current index came from Food grotip contributing (-) 2.37 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Groundnut Oil, Chillies Green, Brinjal, Cabbage, Carrot, Cauliflower, French Beans, Green Coriander Leaves, Methi, Palak, Peas, Potato, Radish, Tomato, Banana, Sugar, ESI Premium Contribution, Toilet Soap, etc. are responsible for the decrease in index. However, this decrease was checked by Wheat Atta, Coconut Oil, Fish Fresh, Goat Meat, Onion, Tamarind, Coconut, Electricity Charges, Firewood. Secondary School Fee, Flowers/Flower Garlands, etc., putting upward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 4.00 per cent for December, 2017 as compared to 3.97 per cent for the previous month and 2.23 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 4.32 per cent ‘against 3.91 per cent of the previous month and 0.67 per cent during the corresponding month of the previous year.
At centre level, Jamshedpur and Tiruchirapally reported the maximum decrease of (7 points each) followed by Doom Dooma Tinsukia, Siliguri, Godavarikhani and Jalpaiguri (6 points each). Among others, 5 points decrease was observed in 7 centres, 4 points in 10 centres, 3 points in 9 centres, 2 points in 21 centres and 1 point in 13 centres. On the contrary, Darjeeling recorded a maximum increase of 8 points followed by Maria’ (4 points) and Srinagar (3 points). Among others, 2 points increase was observed in 2 centres and 1 point in 2 centres. Rest of the 5 centres’ indices remained stationary
The indices of 35 centres are above All-India Index and 43 centres’ indices are below national average.
The next issue of CPI-IW for the month of January, 2018 will be released on Wednesday, 28th February, 2018. The same will also be available on the office website www.labourbureanew.gov.in.
(AMRIT LAL JANGID)