Press Release of AICPIN for May 2014 – 2 Points increased and stood at 244

Press Release of AICPIN for May 2014 – 2 Points increased and stood at 244

Consumer Price Index for Industrial Workers (CPI-IW) – May, 2014

No. 5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004
DATED: the 30th June, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – May, 2014

The All-India CPI-IW 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 per cent between April, 2014 and May, 2014 when compared with the rise of 0.88 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came 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, etc. 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-IW 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, Coimbatore 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 11 centres and 1 point in 10 centres. On the contrary, a decline of 5 points was reported in Giridih, 4 points in Chhindwara, 3 points in 2 centres, 2 points in 1 centre and I 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 Vishakhapathnam and Chandigarh is at par with all-India index.

The next index of CPI-1W for the month of June, 2014 will be released on Thursday, 31 July, 2014. The same will also be available on the office website www.labourbureau.gov. in.

sd/-
(S.S.NEGI)
DIRECTOR

Source: www.labourbureau.nic.in

AICPIN FOR THE MONTH OF MAY 2014 – EXPECTED DA FROM JULY 2014

AICPIN FOR THE MONTH OF MAY 2014 – EXPECTED DA FROM JULY 2014

Labour Bureau published the index of CPI-IW for May 2014 has increased by two points from the existing level and pegged at 244.

Consumer Price Index Numbers for Industrial Workers on Base 2001=100
CPI(IW) Base 2001=100 Monthly Index Letter – MAY 2014

JANUARY 2014 –  237
FEBRUARY 2014 –  238
MARCH 2014  – 239
APRIL 2014  -  242
MAY 2014  – 244

According the press release of AICPIN for the month of May 2014, the expected da from July 2014 is slightly go up to 106 (106.17).

Source : CGEN.in
[http://centralgovernmentemployeesnews.in/2014/06/aicpin-for-the-month-of-may-2014-expected-da-from-july-2014/]

AICPIN for the month of May to be released today

AICPIN for the month of May to be released today

AICPIN(I-W) for the month of May 2014, the data on price rise and inflation, is going to be released today. The twice-a-year Dearness Allowance given to Central Government employees is calculated on the basis of Consumer Price Index for Industrial Workers based on 2001=100.

At the end of each month, the Labour Bureau, a Central Government agency, releases the AICPIN number for the previous month, based on the month’s price fluctuations. The Bureau is expected to release the APCIN number today. If one goes by the other statistics released for the month of May (Agricultural Labourers 771 to 777; Rural Labourers 773 to 780), the AICPIN number is expected to be on the ascent.
The hike in railway passenger and freight transportation fares is very likely to impact June’s AICPIN number. The AICPIN number for the month of May is expected to increase by a point or two.

Since the first Dearness Allowance of the year is based on the AICPIN points of from the months of December until June, the AICPIN points of May and June assume special significance. An increase of even one point in the next two months from the current levels will raise the additional Dearness Allowance by 7% in July. In other words, from 100%, the total Dearness Allowance could increase to 107..!

The Dearness Allowance given to Central Government employees is expected to rise to 107% in July.

Source: CGEN.in
[http://centralgovernmentemployeesnews.in/2014/06/aicpin-for-the-month-of-may-to-be-released-today/]

AICPIN FOR THE MONTH OF APRIL 2014 – PRESS RELEASE ISSUED BY LABOUR BUREAU

AICPIN FOR THE MONTH OF APRIL 2014 – PRESS RELEASE ISSUED BY LABOUR BUREAU

Labour Bureau,

Government of India

Press Release

Consumer Price Index Numbers for Industrial Workers on Base 2001=100

CPI(IW) Base 2001=100 Monthly Index Letter – APRIL 2014

JANUARY 2014	237
FEBRUARY 2014	238
MARCH 2014	239
APRIL 2014	242

AICPIN FOR THE MONTH OF APRIL 2014 -   Press Release of CPI-IW for April, 2014:

No.5/1/2014-CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004

DATED: the 30th May, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-I W) – April, 2014

The All-India CPI-1W for April, 2014 increased by 3 points and pegged at 242 (two hundred and forty two). On 1-month percentage change, it increased by 1.26 percent between March, 2014 and April, 2014 when compared with the rise of 0.89 percent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 2.53 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Moong Dal, Fish Fresh, Goat Meat, Milk (Buffalo), Vegetab’es & Fruits, Sugar, Electricity Charges, etc, 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 7.08 percent for April, 2014 as compared to 6.70 per cent for the previous month and 10.24 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.76 per cent against 7.50 per cent of the previous month and 12.39 per cent during the corresponding month of the previous year.

At centre level, Angul-Talcher, Amer and Asansol recorded the maximum increase of 7 points cach followed by Ludhiana, Ernakulam, Kodarma, Giridih and Tiruchirapally (6 points each) and Nagpur, Ghaziabad, Rangapara-Tezpur. Salem and Jabalpur (5 points each). Among others, 4 points rise was registered in 12 centres, 3 points in 16 centres, 2 poInts in 24 centres and 1 point In 8 centres. On the contrary, Munger-Jamalpur reported a decline of 4 points. Indices of remaining 4 centres observed no change.

The indices of 36 centres are above and other 41 centres are below national average. The index of Munger-Jamalpur is at par with all-India index.

The next index of CPI-1W for the month of May, 2014 will be released on Monday, 30 June, 2014. The same will also be available on the office website www,labourbureau.gov.in

sd/

(S.S.NEGI)

DIRECTOR

Source: http://labourbureau.gov.in/Press_IW_APR2014.pdf

Source: http://labourbureau.nic.in/MIL_APR_2014_E.pd

AICPIN FOR APRIL 2014 – EXPECTED DA JULY 2014 – 4th STEP COMPLETED

AICPIN FOR APRIL 2014 – EXPECTED DA JULY 2014 – 4th STEP COMPLETED

As per the press release of Labour Bureau, All India Consumer Price Index (Industrial workers Base Year 2001=100) for  the month of April, 2014 increased by three points from 239 to 242.

According to the hike of index for the month of April 14, the Expected DA from July 2014 is also increased by two percent from 3 to 5…

The below table is clearly indicate the movement of AICPIN with increasing additional Dearness allowance month wise…

AICPIN for the month of April 2014 begged at 242

Month/ Year	AICPIN (IW) Base Year 2001=100	Increased/ Decreased Points in AICPIN	Total Points Increased	Total of 12 Months	12 Months Average	% Increase over 115.763	Approximate DA	Total DA %	DA% Increase Month wise
Jan-14	237	-2		2802	233.5	117.74	101.71	101	1
Feb-14	238	1		2817	234.75	118.99	102.79	102	2
Mar-14	239	1		2832	236	120.24	103.86	103	3
Apr-14	242	3	3	2848	237.33	121.57	105.02	105	5

 

Simple Calculator for Central Government Employees…

Dearness Allowance Calculator based on Anticipated AICPIN Points 

Each month, the Central Government announces the AICPIN points based on prices and inflation. It is based on these points that the Dearness Allowance is calculated. A new calculator has been created that calculates the Dearness Allowance based on the AICPIN point given by the user. When you type in your anticipated AICPIN point for the following month at the ENTER VALUE field, the calculator will show you the change in Dearness Allowance.

Source: 90pasisa.blogspot.in
[http://90paisa.blogspot.in/2014/05/aicpin-for-april-2014-expected-da-july.html]

Expected DA-Status, as of March 2014

Expected Dearness Allowance from July 2014 for Central Govt Employees and Pensioners...

Expected DA- Status, as of March 2014

Expected Dearness Allowance from July 2014 : This time there is a considerable slackening in the pace of the expected DA. It looks as if there are plenty of reasons for it.

As of March, the AICPIN has increased by one point and is at 239. The rapid increase in Consumer Price Index (IW) has been brought under control now. Election is believed to be one of the reasons for it. Since price rise and inflation are under control, there is not much of an increase in All India Consumer Price Index for Industrial Workers. With a fall in the prices of essential commodities, the AICPIN points have actually reduced.

Another reason is the reduction of AICPIN by 4 points in December 2013. The Consumer Price Index, which was steadily rising till then, slumped by 4 points. It wasn’t much of a shock then because the Additional DA for the month of January 2014 increased by 10% and had touched 100%.

The All India Consumer Price Index for Industrial Workers Base Year 2001=100, which was at 243, fell by 4 points to end up at 239. It again fell by 2 points to touch 237, thus dampening the expectations surrounding the next additional Dearness Allowance announcements. It looks highly unlikely that the AICPIN would rise by 4 points to return to its previous levels.

We are of the opinion that there will not be much of a change in what we had said last time(Expected da from Jul 14 - Feb).

The table given below will easily explain you why…

Month/ Year	AICPIN (IW) Base Year 2001=100	Increased/ Decreased Points in AICPIN	Total Points Increased	Total of 12 Months	12 Months Average	% Increase over 115.763	Approximate DA	Total DA %	DA% Increase Month wise
Jan-13	221	2		2535	211.25	95.49	82.49	82	2
Feb-13	223	2		2559	213.25	97.49	84.22	84	4
Mar-13	224	1		2582	215.17	99.41	85.87	85	5
Apr-13	226	2		2603	216.92	101.16	87.38	87	7
May-13	228	2		2625	218.75	102.99	88.97	88	8
Jun-13	231	3	12	2648	220.67	104.91	90.62	90	10
Jul-13	235	4		2671	222.58	106.82	92.28	92	2
Aug-13	237	2		2694	224.5	108.74	93.93	93	3
Sep-13	238	1		2717	226.42	110.66	95.59	95	5
Oct-13	241	3		2741	228.42	112.66	97.32	97	7
Nov-13	243	2		2766	230.5	114.74	99.12	99	9
Dec-13	239	-4	8	2786	232.17	116.41	100.56	100	10
Jan-14	237	-2		2802	233.5	117.74	101.71	101	1
Feb-14	238	1		2817	234.75	118.99	102.79	102	2
Mar-14	239	1	0	2832	236	120.24	103.86	103	3
Apr-14
May-14
Jun-14

‘Expected DA from July 2014’ completed its third step..!

Source: 90paisa.blogspot.in

[http://90paisa.blogspot.in/2014/05/expected-da-status-as-of-march-2014.html]