7th CPC AICPIN Table 2024 | All India Consumer Price Index 2024
7th CPC AICPIN | CPI (IW) Base Year 2001=100 | CPI (IW) Base Year 2016=100
7th CPCAICPIN – All India Consumer Price Index Table for Industrial Workers: The AICPIN (All India Consumer Price Index Number) is an important economic indicator used to measure the average price changes of goods and services consumed by households in India. It helps measure inflation and influences economic policies. It is released monthly and is based on a representative basket of goods and services. The AICPIN is also used to calculate dearness allowance for employees, ensuring their purchasing power is not affected by inflation. Overall, the AICPIN is a crucial tool for understanding the economic situation in India and making informed decisions.
What is the current rate of AICPIN?
As per the latest press release of the Labour Bureau, the All India Consumer Price Index Number (AICPIN) is 138.9. Click to view more details about the latest CPI (IW) for January 2024.
In a recent development, the Central Government has modified to the base year of the AICPIN, switching it from 2001 to 2016. Additionally, they have introduced a conversion factor, also known as the linking factor, which has been determined as 2.88. As per the latest series of AICPIN data released for September 2020, the value stands at 118.1. Applying the conversion factor of 2.88 to this figure yields a result of 340.12. Consequently, the AICPIN for the base year of 2001 is 340.
The linking factor to convert the new CPI (IW) BY 2016 to the old series of 1982 is 4.63
The linking factor to convert the new CPI (IW) BY 2016 to the old series of 1982 is 4.93
5 thoughts on “7th CPC AICPIN Table 2024 | All India Consumer Price Index 2024”
How the Matrix stage has been calculated..i.e. 16thx 17th 20th etc.pl. explain. On promotion from Jr.Stenographer to Sr.Stenographer, I had joined w.e.f.29.12.83 to 31.7.2011 till retirement earned 27 increments in 3rd 4th,5th, 6th Pay Commissions. What would be my new Basic in 7th CPC.
Further to inform you that one cannot be mostly 27 increments in same pay scale of GP & matrix levels without any punishments or without promotion/MACP upgradation of basic pay in between these period, Also differ. to person to person as per his/her their C.R.
7th pay commission must require to submit commission report in time to avoid payment of huge amount to employee. Can commission submit report whithin 18 months from the day of announcement of commission.
How the Matrix stage has been calculated..i.e. 16thx 17th 20th etc.pl. explain. On promotion from Jr.Stenographer to Sr.Stenographer, I had joined w.e.f.29.12.83 to 31.7.2011 till retirement earned 27 increments in 3rd 4th,5th, 6th Pay Commissions. What would be my new Basic in 7th CPC.
Without informing your last basic pay it’s not possible. Also you have to mention your joined pay scale in 3rd CPC.
Further to inform you that one cannot be mostly 27 increments in same pay scale of GP & matrix levels without any punishments or without promotion/MACP upgradation of basic pay in between these period, Also differ. to person to person as per his/her their C.R.
I, hope DA will be 5%
7th pay commission must require to submit commission report in time to avoid payment of huge amount to employee. Can commission submit report whithin 18 months from the day of announcement of commission.