AICPIN for the Month of May 2023

All India Consumer Price Index Numbers for the Month of May 2023 Press Release PDF Download

In May 2023, there has been a notable rise of 0.5 in the AICPIN (CPI-IW) index, bringing it to a commendable level of 134.7.

In May of 2023, the All-India CPI-IW witnessed a slight uptick of 0.5 points, bringing it to a solid 134.7 (one hundred thirty-four point seven). When analyzing the one-month percentage change, there was a modest increase of 0.37 percent in comparison to the previous month. This growth, however, paled in comparison to the 1.02 percent surge observed during the same months in the previous year.

Check | Expected DA Calculator July 2023

According to the formula prescribed by the 7th Central Pay Commission (CPC) for calculating Dearness Allowance (DA), it is necessary to determine the average of the All India Consumer Price Index (AICPIN) for a period of 12 months starting from July 2022. This average will then be used to ascertain the precise rate of DA applicable from July 2023. However, with the recent release of AICPIN data for May 2023, there is an anticipation that the rate of DA for Central Government Employees may witness an increase, potentially rising from 43% to 46%!

AICPIN May 2023 Press Release PDF

Behold! The eagerly anticipated statistics, which hold the key to calculating the ever-crucial Dearness Allowance (DA) and Dearness Relief (DR) for our esteemed Central Government Employees and Pensioners, have been unveiled today. May 2023 shall forever be etched in the annals of time as the month that bestowed upon us this significant dataset. [Click to Download the Press Release]

Expected DA July 2023 is Almost Confirmed!

It seems that we have some promising news regarding the Expected DA for July 2023! The recent release of the AICPIN data for May 2023 has brought us closer to confirming the calculation for the DA in July. To determine the precise percentage of Dearness Allowance for Central Government Employees and Pensioners from July 2023, we require a total of 12 months’ worth of AICPIN data. With the recent release of the 11th month’s statistics, we are only one step away from determining the exact DA percentage. It is anticipated that the DA may experience a 3% increase from the current rate, potentially reaching a total DA of 46%.

Expected DA Jul 2023 Table

Behold, the wondrous table that unveils the calculated projections of the expected Dearness Allowance (DA) for the esteemed central government employees and pensioners, in accordance with the grand 7th pay commission. As we embark on this enlightening journey, let us delve into the mystical realm of numbers and figures, starting with the conversion of the AICPIN data from the year 2016 to the glorious era of 2001. The second column, a testament to our meticulousness, showcases the cumulative sum of the preceding 12 months’ AICPIN data. Behold, for there lies in the third column the exquisite average of these twelve months. And finally, as we approach the climactic moment, we bestow upon you the approximate percentage of DA for the chosen month, a culmination of our arduous calculations.