Thursday, July 3, 2014

Expected DA from the month of July is 107%-AICPIN FOR MAY RELEASED

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 (CPHW) - May, 2014

The A1l-India CP1-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 CPHW 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 1 1 centres, 3 points in 13 centres, 2 points in 1 1 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 1 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 CPHW 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.

(S.S. NEGI)
DIRECTOR


Source: http://labourbureau.gov.in/Press_IW_MAY2014.pdf



Expected
 DA/DR from July, 2014 after May, 2014 AICPIN may be 107%.

Estimation of Dearness Allowance/Dearness Relief expected from July, 2014 on the basis of May, 2014 AICPIN is in last step. After 3 points increase in last month All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for the month of May, 2014 increased by 2 points and pegged at 244 (two hundred and forty Four).  2 points increase in Index has giving now DA/DR may be 107% from July, 2014 with 7% increase.  Only more than 2 point unexpected decline in next months' AICPIN will stop DA/DR increase upto 106%.

Expectation of DA/DR for July, 2014 may analyzed with table is given below:-


Expec
tation
Increase/ 
Decrease 
Index
MonthBase 
Year 
2001 
= 100
Total 
of 12 
Months
Twelve 
monthly 
Average

incre
ase 
over 
115.76 
for   DA
DA 
announ
ced
or will 
be 
announ
ced
3Jun,132312648220.6790.62%90%
DA from
Jan, 

2014
Orders


DR 
Order
4Jul,132352671222.5892.28%
2Aug,132372694224.5093.94%
1Sep,132382717226.4295.59%
3Oct,132412741228.4297.32%
2Nov,132432766230.5099.12%
-4Dec,132392786232.17100.56%100%
Jan+
AICPIN
-2Jan,142372802233.50101.71%
Feb+
AICPIN
1Feb,142382817234.75102.79%
Mar+
AICPIN
1Mar,142392832236.00103.87%
Apr+
AICPIN
3Apr,142422848237.33106.03%
May+
AICPIN
2May,142442864238.67106.17%
Expec
tation
for
107% -
from (-)
1 to
points 
increase
decrease
in 
AICPIN 
0
Jun,14
244
2877
239.75
107.11%
107%
1
Jun,14
245
2878
239.83
107.18%
2
Jun,14
246
2879
239.92
107.25%
3
Jun,14
247
2880
240.00
107.33%
4
Jun,14
248
2881
240.08
107.40%
-1
Jun,14
243
2876
239.67
107.04%
Expected DA/DR from July, 2014
for
106%
-2Jun,142422875239.58106.97%106%
Expected DA/DR from July, 2014

Input from http://karnmk.blogspot.in/2014/06/expected-da-from-july-2014-aicpin-for.html

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