July 2018 DA Counts on AICPIN from January 2018 for better hike
As this January 2018 is 7th month AICPIN for arriving July 2018 DA rate, starting with 2 point increase is however a good sign to get better hike. The CPI Numbers for Industrial Workers starting from July 2017 to June 2018 determine the next additional DA to be paid from July 2018. The 7 Months AICPIN is given below
The total increase in CPI from July 2017 to Jan 2018 is 3 points. But it appears that there will be 3 % increase if CPI points increase by 2 points every month up to June 2018. Labour Bureau released the Consumer Price Index Number for Industrial Workers for the Month of January 2018. According to the Press release the CPI increased by 2 points and pegged at 288. See the Press release below
AICPIN for the Month of January 2018
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 28th February, 2018
Consumer Price Index for Industrial Workers (CPI-IW) — January, 2018
The All-India CPI-IW for January, 2018 increased by 2 points and pegged at 288 (two hundred and eighty eight). On 1-month percentage change, it increased by (+) 0.70 per cent between December, 2017 and January, 2018 when compared with the decrease of (-) 0.36 per cent for the corresponding months of last year.
The maximum upward pressure to the change in current index came from Housing group contributing (+) 3.99 percentage points to the total change. At item level, Goat Meat, Poultry (Chicken), Tea (Readymade), Pan Leaf, Doctor’s Fee, Medicine (Allopathic), Cinema Charges, Bus Fare, Petrol, Flowers/Flower Garlands, etc. are responsible for the increase in index. However, this increase was checked by Rice, Wheat & Wheat Atta, Gram Dal, Eggs (Hen), Fish Fresh, Onion, Brinjal Cabbage, Carrot, Cauliflower, French Bean, Gourd, Palak, Peas, Potato, Radish, Tomato, Sugar, etc., putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 5.11 per cent for January, 2018 as compared to 4.00 per cent for the previous month and 1.86 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 3.36 per cent against 4.32 per cent of the previous month and 0.34 per cent during the corresponding month of the previous year.
At centre level, Nasik reported the maximum increase of (16 points) followed by Nagpur (11 points), Pune, Lucknow and Goa (10 points each), Kodarma and Amritsar (9 points each), and Coonoor, Agra and Chandigarh (8 points each). Among others, 7 points increase was observed in 3 centres, 6 points in 1 centre, 5 points in 5 centres, 4 points in 1 centre, 3 points in 6 centres, 2 points in 7 centres and 1 point in 8 centres. On the contrary, Quilon recorded a maximum decrease of 6 points followed by Siliguri and Madurai (5 points each). Among others, 4 points decrease was observed in 3 centres, 3 points in 7 centres, 2 points in 8 centres and 1 point in 10 centres. Rest of the 6 centres’ indices remained stationary.
The indices of 36 centres are above All-India Index and 40 centres’ indices are below national average. The index of Varanasi and Jabalpur centres remained at par with All-India Index. The next issue of CPI-IW for the month of February, 2018 will be released on Wednesday, 28th March, 2018. The same will also be available on the office website www.labourbureaunew.gov.in.
(ANIL KUMAR NEGI)