AICPIN for June 2023 Press Release

AICPIN for June 2023 – DA Calculation for CG Employees

In June of 2023, the All-India CPI-IW experienced a modest surge of 1.7 points, reaching a value of 136.4 (one hundred thirty six point four). When examining the percentage change over a span of one month, it exhibited a notable increase of 1.26 percent in comparison to the previous month. This is significantly higher than the mere 0.16 percent increase observed during the corresponding months one year prior.

Expected DA Calculator from July 2023

Press Release

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

The All-India CPI-IW for June, 2023 increased by 1.7 points and stood at 136.4 (one hundred thirty six point four). On 1-month percentage change, it increased by 1.26 per cent with respect to previous month compared to increase of 0.16 per cent recorded between corresponding months a year ago.

The maximum upward pressure in current index came from Food & Beverages group contributing 1.62 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Arhar Dal, Moong Dal, Fish Fresh, Poultry Chicken, Egg-Hen, Apple, Banana, Brinjal, Carrot, Ginger, Cauliflower, Chili Green, Potato, Onion, Tomato, Cumin seed/Jira, Supari, Casual Wear, Canvas Shoes, Utensil, Medicine ayurvedic, etc. are responsible for the rise in index. However, this increase was largely checked by Mustard Oil, Palm Oil, Sunflower Oil, Coconut Oil, Lemon, Mango, Kerosene Oil, etc. putting downward pressure on the index.

At centre level, Angul-Talchar recorded a maximum increase of 8.5 points followed by Raipur and Labac-Silchar with 6.8 and 6.3 points respectively. Among others, 3 centres recorded increase between 5 to 5.9 points, 2 centres between 4 to 4.9 points, 10 centres between 3 to 3.9 points, 11 centres between 2 to 2.9 points, 28 centres between 1 to 1.9 points and 26 centres between 0.1 to 0.9 points. On the contrary, Mungel-Jamalpur recorded a maximum decrease of 1.1 point. Among others, 4 centers recorded decrease between 0.1 to 0.9 points.

Year-on-year inflation for the month stood at 5.57 per cent compared to 4.42 per cent for the previous month and 6.16 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.00 per cent against 3.24 per cent of the previous month and 6.73 per cent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

All-India Group-wise CPI-IW for May, 2023 and June, 2023

CPI-IW: Groups Indices

 

The next issue of CPI-IW for the month of July, 2023 will be released on Thursday, 31st August, 2023. The same will also be available on the office website www.labourbureau.gov.in.

CPI (IW) BY 2016=100 for the month of June 2023

The eagerly awaited AICPIN data for the month of June 2023 is set to be released on Monday, the 31st of July 2023. This All India Consumer Price Index Number (AICPIN), which is crucial for determining the percentage of Dearness Allowance for Central Government employees and pensioners, will only be made available at the end of the month. So mark your calendars and don’t forget to check back on this page on the specified date, around 6.00 PM IST, to get the latest updates on the AICPIN for June 2023.

In the meantime, let’s take a look at the AICPIN for May 2023 to get an idea of the recent trends. The All India CPI-IW for May 2023 experienced a slight increase, rising by 0.5 points and reaching a value of 134.7 (one hundred thirty-four point seven). When we compare this figure to the previous month, it shows a 0.37 percent increase. However, it is worth noting that this percentage change is lower than the 1.02 percent increase recorded during the same period last year.

By analyzing these numbers, we can gain insights into the changing economic landscape and how it may impact various aspects of our lives. So stay tuned for the release of the AICPIN for June 2023, as it will provide valuable information for individuals, businesses, and policymakers alike.

To obtain precise information regarding the Dearness Allowance percentage commencing in July 2023, kindly access the provided hyperlink. This link will enable you to accurately calculate the DA and DR applicable from the 1st of July, 2023 for various categories of central government employees, pensioners, and family pensioners.

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