May Month CPI number ensures 2% DA hike from July 2018
Labour Bureau has released the CPI number for the month of May 2018 yesterday which ensures 2% DA hike from July 2018. Check this DA calculator [Click here to Calculate ]
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 29th June,2018
Consumer Price Index for Industrial workers (CPI-IW) – May, 2018.
The All-India CPI-IW for May, 2018 increased by 1 point and pegged at 289 (two hundred and eighty nine). On 1-month percentage change, it increased by (+) 0.35 per cent between April, 2018 and May, 2018 when compared with the increase of (+) 0.36 per cent between the corresponding months of previous year.
The maximum upward pressure to the change in current index came from Food group contributing (+) 0.68 percentage points to the total change. At item level, Rice, Groundnut oil, Fish Fresh, Poultry (chicken), Eggs (.Hen), Milk, pure Ghee, chillies Green, Onion, Brinjal, Cabbage, Carrot, French Bean, Green Coriander Leaves, palak, Potato, Radish, etc. are responsible for the increase in index. However, this increase was checked by Wheat, Wheat Atta, Mustard oil, Chillies Dry, Lady’s Finger, Mango (Ripe), Torai, etc., putting downward pressure on the index.
The year-on-year inflation based on CPI-IW stood at 3.96 per cent for May, 2018 as compared to 3.97 per cent for the previous month and 1.09 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.66 per cent against 1.33 per cent of the previous month and (-) 1.63 per cent during the corresponding month of the previous year.
At centre level, Sholapur and Bhilai reported the maximum increase of 6 points each followed by Pune, Kodarma and Godavarikhani (5 points each). Among others, 4 points increase was observed in 2 centres,3 points in 6 centres,2 points in 18 centres and 1 point in 15 centres. On the contrary, Chhindwara, Darjeeling, Jalandhar, Jaipur and Ghaziabad recorded a maximum decrease, 6f 2 points each. Among others, 1 point decrease was observed in 12 centres. Rest of the 15 centres’ indices remained stationary.
The indices of 36 centres are above All-India Index and 39 centres indices are below national average. The indices of Mumbai, Jabalpur and Chhindwara centres remained at par with All-India Index.
The next issue of CPI-IW for the month of June, 2018 will be released on Tuesday, 31st July, 2018. The same will also be available on the office website www.labourbureanew.gov.in.
(AMRIT LAL JANGID)
DA from July 2018 [ Calculate ]