AICPIN for September 2023 Press Release PDF
The Labour Bureau has recently published the Consumer Price Index (CPI) data for September 2023. According to this significant statistical information, the All India Consumer Price Index Numbers (AICPIN) for Industrial Workers has experienced a slight decline of 1.7 points, resulting in a new total of 137.5.
Current AICPIN is 137.5
The All-India CPI-IW for September, 2023 decreased by 1.7 points and stood at 137.5 (one hundred thirty seven point five). On 1-month percentage change, it decreased by 1.22 per cent with respect to previous month compared to increase of 0.84 per cent recorded between corresponding months a year ago.
What is AICPIN for Sep-2023
The AICPIN Points for Calculating Dearness Allowance for Central Government employees and pensioners, the AICPIN points play a crucial role in determining the Dearness Allowance. The statistical data is based on the recommendations of the 7th Central Pay Commission.
The AICPIN stands for the All India Consumer Price Index, which is calculated by the Labour Bureau. This index measures changes in the retail prices of various goods and services consumed by households across the country. The AICPIN points are calculated on a monthly basis and are released by the Labour Bureau every month.
How to Calculate DA with AICPIN
First convert the AICPIN data from Base Year 2016 to Base Year 2001. And get the total of 12 previous AICPIN months and calculate the average. Minus the value with 261.42 and divided with again 261.42. And then again multiplied with 261.42. The answer is approximate percentage of DA for Sep-2023!
CPI for Agricultural Increased 2 Points in Sep 2023
In September 2023, there was a 2-point increase in the All-India Consumer Price Index Number for Agricultural Labourers (Base: 1986-87=100), resulting in a new value of 1226 points. Additionally, the index number for Rural Labourers experienced a 3-point increase, reaching a total of 1237 points. The rise was mainly due to an increase in food prices. The index varied from state to state, with Tamil Nadu having the highest index and Himachal Pradesh having the lowest. Uttar Pradesh experienced the highest increase in index numbers, while Andhra Pradesh experienced the highest decrease. The point-to-point rate of inflation and food inflation decreased compared to the previous year.
AICPIN Chart 2023
Make your own estimation of the DA from January 2024 by performing calculations! Can you predict the AICPIN for September 2023?
Click To Calculate DA with Simple Online Tool!