AICPIN for the Month of July 2023
In July 2023, the All-India Consumer Price Index for Industrial Workers (CPI-IW) experienced an increase of 3.3 points, reaching a total of 139.7. This represents a month-on-month percentage change of 2.42%, compared to a 0.90% increase during the same period last year.
The Labour Bureau, an office attached to the Ministry of Labour & Employment, compiles the CPI-IW on a monthly basis by collecting retail prices from 317 markets across 88 industrially significant centers in India. This index is compiled for both individual centers and for the entire country, and is released on the last working day of the following month. The CPI-IW for July 2023 is being announced through this press release.
The primary driver behind the upward movement of the current index is the Food & Beverages group, contributing 2.86 percentage points to the overall change. Various items within this group, such as 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, and Medicine allopathic have played a significant role in driving the index higher. However, this increase was partially offset by factors such as Electricity (domestic) Charges and Kerosene oil, resulting in downward pressure on the index.
AICPIN for July 2023 Released on 31.8.2023
On August 31, 2023, the Labour Bureau published the AICPIN (All India Consumer Price Index Number) for the month of July 2023. This significant statistical data holds great importance in determining the percentage of Dearness Allowance that will apply to Central and State Government employees, pensioners, and family pensioners in India. Based on this information, the calculation of the expected DA for January 2024 will commence.
Expected DA Calculation from Jan 2024
Commencing the next installment of ‘Anticipated DA January 2024’, the computation of Dearness Allowance will conclude in December 2023, encompassing six months of AICPIN data spanning from July to December 2023. Our platform offers a user-friendly online tool to determine the Dearness Allowance applicable to all categories of Central Government employees and pensioners, effective from the 1st of January 2024.
Also Check These Updates:
- AICPIN for July 2023
- AICPIN for August 2023 Press Release PDF
- When will declare 46% DA to Central Govt Employees?
- 46% DA from July 2023 for CG Employees is Confirmed!
- AICPIN for the Month of May 2023
- CPI-IW for Dec 2022 | ‘Expected DA from Jan 2023’ comes to an end!
- Expected DA Calculator for Central Govt, PSU, and Bank Employees 2023
- Confirmed 42% Dearness Allowance from January 2023 to Central Govt Employees!
- CPI-IW for Jan 2023 | ‘Expected DA from July 2023’ Calculation Starts!
- AICPIN for September 2022 | Expected DA Jan 2023