AICPIN for July 2023 for DA Calculation from January 2024
The All-India Consumer Price Index for Industrial Workers (CPI-IW) saw an increase of 3.3 points in July 2023, reaching a total of 139.7. This represents a month-on-month percentage change of 2.42%, compared to a 0.90% increase during the same period last year.
The CPI-IW is compiled by the Labour Bureau, an office attached to the Ministry of Labour & Employment, on a monthly basis. Retail prices are collected from 317 markets across 88 industrially significant centers in India. This index is compiled for individual centers as well as the entire country, and the results are released on the last working day of the following month. The CPI-IW for July 2023 is being announced through this press release.
The primary driver behind the upward movement of the current index is the Food & Beverages group, which contributed 2.86 percentage points to the overall change. Various items within this group, such as Rice, Arhar Dal/Tur Dal, Apple, Mango, Brinjal, Garlic, Ginger, Gourd(Lauki), Chilies Green, Potato, Onion, Tomato, Cumin seed/Jira, Supari, Saree Cotton, Shirt, T-shirt-readymade, School uniform, Leather Sandle, Chappal, Canvas Shoes, House rent, Auto-rickshaw/Scooter fare, Repair/Service Charges, Utensils, and Medicine allopathic played a significant role in driving the index higher. However, factors such as Electricity (domestic) Charges and Kerosene oil partially offset this increase, resulting in downward pressure on the index.
AICPIN Table: July 2023
Released on August 31, 2023
On August 31, 2023, the Labour Bureau published the AICPIN (All India Consumer Price Index Number) for the month of July 2023. This statistical data holds great importance in determining the percentage of Dearness Allowance applicable to Central and State Government employees, pensioners, and family pensioners in India. Based on this information, the calculation for the expected DA for January 2024 will commence.
Calculation for Expected DA from January 2024
The calculation of Dearness Allowance for January 2024, known as the ‘Anticipated DA January 2024’, will begin in December 2023. This calculation will take into account six months of AICPIN data from July to December 2023. Our platform provides a user-friendly online tool to determine the Dearness Allowance applicable to all categories of Central Government employees and pensioners, effective from January 1, 2024.
January 2024 Expected DA Calculator
Check Here – AICPIN for July for DA Calculation 2023