AICPIN July 2023 – Expected DA from Jan 2024 for Central Govt Employees
All-India CPI-IW for July, 2023 increased by 3.3 points and stood at 139.7 (one hundred thirty nine point seven)
Consumer Price Index for Industrial Workers (2016=100) – July, 2023
The AICPIN for July 2023 released on Friday, August 31, 2023. The release date was announced by the Labour Bureau, Ministry of Labour and Employment, Government of India. The AICPIN is a monthly index that measures the changes in prices of consumer goods and services. It is used to calculate the dearness allowance (DA) for central government employees.
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
Shram Bureau Bhawan, Block No. 2,
Institutional Area, Sector 38 (West),
Chandigarh -160036
Dated: 31st August, 2023
F.No. 5/1/2021-CPI
Press Release
Consumer Price Index for Industrial Workers (2016=100) – July, 2023
The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of July, 2023 is being released in this press release.
The All-India CPI-IW for July, 2023 increased by 3.3 points and stood at 139.7 (one hundred thirty nine point seven). On 1-month percentage change, it increased by 2.42 per cent with respect to previous month compared to increase of 0.90 per cent recorded between corresponding months a year ago.
The maximum upward pressure in current index came from Food & Beverages group contributing 2.86 percentage points to the total change. At item level, 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, Medicine allopathic etc. are responsible for the rise in index. However, this increase was largely checked by Electricity (domestic) Charges, Kerosene oil, etc. putting downward pressure on the index.
At centre level, Gurugram recorded a maximum increase of 8.3 points. Among others, 3 centres recorded increase between 7 to 7.9 points, 4 centres between 6 to 6.9 points, 10 centres between 5 to 5.9 points, 15 centres between 4 to 4.9 points, 14 centres between 3 to 3.9 points, 25 centres between 2 to 2.9 points, 9 centres between 1 to 1.9 points and 4 centres between 0.1 to 0.9 points. On the contrary, Keonjhar recorded a decrease of 1.0 point. Rest of two centers index remained stationary.
Year-on-year inflation for the month stood at 7.54 per cent compared to 5.57 per cent for the previous month and 5.78 per cent during the corresponding month a year before. Similarly, Food inflation stood at 11.87 per cent against 6.00 per cent of the previous month and 5.96 per cent during the corresponding month a year ago.
All-India Group-wise CPI-IW for June, 2023 and July, 2023
No. | Groups | June, 2023 | July, 2023 |
I | Food & Beverages | 137.8 | 145.1 |
II | Pan, Supari, Tobacco & Intoxicants | 156 | 156.3 |
III | Clothing & Footwear | 137 | 138 |
IV | Housing | 123.4 | 125.7 |
V | Fuel & Light | 181.5 | 181 |
VI | Miscellaneous | 132.6 | 132.8 |
General Index | 136.4 | 139.7 |
The next issue of CPI-IW for the month of August, 2023 will be released on Friday, 29th September, 2023. The same will also be available on the office website www.labourbureau.gov.in.
AICPIN for July 2023 Press Release PDF Download
The All-India CPI-IW for July, 2023 increased by 3.3 points and stood at 139.7
The central government employees and pensioners dearness allowance (DA/DR) in January 2024 will be expect to increase by 4%. As per 7th CPC DA Calculation, Expected DA from Jan 2024 is 50% Confirmed!
Expected DA from July 2023 for Central Government Employees
The expected Dearness Allowance (DA) for central government employees from July 2023 is yet to be officially announced. The DA is usually revised twice a year, in January and July, based on the Consumer Price Index (CPI). The exact percentage increase in DA will depend on the average CPI for the preceding six months. The government takes into consideration various factors, such as inflation rates and economic conditions, before finalizing the DA hike. Central government employees can expect the announcement regarding the DA from July 2023 in the coming months.