AICPIN for January 2023: 1st Step Calculation for Expected DA July 2023

AICPIN for Jan 2023 Press Release PDF Download

The All India Consumer Price Index Number (AICPIN) is an important economic tool used to measure the changes in the retail prices of goods and services over a period of time. AICPIN is released by Ministry of Labour & Employment on a monthly basis, providing essential information about inflationary trends in the Indian economy. It also helps policy makers to make informed decisions for better governance. AICPIN consists of data collected from both urban and rural areas across India, representing all sections of society. With its comprehensive coverage, it serves as a reliable indicator for assessing inflation dynamics in India. Expected DA Calculator for July 2023

AICPIN Press Release 2022 (BY 2016=100)

AICPIN for January 2023 Press Release PDF Download

The Labour Bureau of All India Consumer Price Index Number for January, 2023 was released on 28-02-2023 and had increased by 0.5 points, settling at 132.8. As a result, the DA for Central Government Employees from January 2023 onwards has been confirmed at 42%! Everyone is eagerly awaiting the release of the official order for this DA, which will begin it’s journey from July 2023.

GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

F.No.5/1/2021-CPI

‘CLEREMONT’ SHIMLA-171004
DATED: 28 Feb, 2023

Press Release

Consumer Price Index for Industrial Workers (2016=100) – January, 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 January, 2023 is being released in this press release.

The All-India CPI-IW for January, 2023 increased by 0.5 points and stood at 132.8 (one hundred thirty two point eight). On 1-month percentage change, it increased by 0.38 per cent with respect to previous month compared to decrease of 0.24 per cent recorded between corresponding months a year ago.

The maximum upward pressure in current index came from Housing group contributing 0.40 percentage points to the total change. At item level, House rent, Wheat, Wheat Atta, Cow Milk, Apple, Banana, Orange, Brinjal, Lady Finger, Kundru, Cumin Seed/Jira, Egg Hen, Cooked Meal, Pan Finished, Zarda, Medicine Allopathic, Toilet Soap, etc. are responsible for the rise in index. However, this increase was largely checked by Potato, Cabbage, Carrot, Cauliflower, Peas, Onion, Capsicum, French Beans, Green Coriander Leaves, Radish, Tomato, Soyabean Oil, Sunflower Oil, Poultry Chicken, etc. putting downward pressure on the index.

At centre level, Coimbatore recorded a maximum increase of 3 points. Among others, 3 centres recorded increase between 2 to 2.1 points, 14 centres between 1 to 1.9 points and 39 centres between 0.1 to 0.9 points. On the contrary, Labac- Silchar recorded a maximum decrease of 1.5 points. Among others, 4 centers recorded decrease between 1 to 1.3 points and 27 centres between 0.1 to 0.9 points. Rest of five centers index remained stationary.

Year-on-year inflation for the month stood at 6.16 per cent compared to 5.50 per cent for the previous month and 5.84 per cent during the corresponding month a year before. Similarly, Food inflation stood at 5.69 per cent against 4.10 per cent of the previous month and 6.22 per cent during the corresponding month a year ago.

The next issue of CPI-IW for the month of February, 2023 will be released on Friday, 31st March, 2023. The same will also be available on the office website www. labourbureaunew.gov.in.

(Shyam Singh Negi)
Deputy Director General

Source: www. labourbureaunew.gov.in