AICPIN for June 2021 – Final Calculation of Expected DA July 2021
The Labour Bureau under the Ministry of Labour and Employment today released the press release of ‘All India Consumer Price Index Number’ (AICPIN) for the month of June. And the All India CPI for Industrial Workers for the month of June 2021 increased by 1.1 points and stands at 121.7.
Consumer Price Index for Industrial Workers for June 2021.
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 ofretail 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, 2021 is being released in this press release.
The All-India CPI-IW for June, 2021 increased by 1.1 points and stood at 121.7 (one hundred twenty-one and point seven). On 1-month percentage change, it increased by 0.91 per cent with respect to previous month compared to an increase of 0.61 per cent recorded between corresponding months a year ago.
The maximum upward pressure in current index came from Food & Beverages group contributing 0.72 percentage points to the total change. At item level, Rice, Fish Fresh, Poultry/Chicken, Eggs-Hen, Edible Oil, Apple, Banana, Brinjal, Carrot, Cauliflower, French Beans, Onion, Potato, Tomato, Tea-leaf, Electricity Domestic, Kerosene Oil, Barber/Beautician charges, Doctor’s/Surgeon’s Fee, Petrol for Vehicle, etc. are responsible for the rise in index. However, this increase was largely checked by Arhar Dal, Coconut Fresh with Pulp, Mango, Pomegranate/Anar, Water Melon, Lemon, Tamarind, etc. putting downward pressure on the index.
At centre level, Shillong recorded maximum increase of 6.2 points followed by Puducherry and Bhopal with 3.5 points and 3.1 points respectively.Among others,13 centres observed an increase between 2 to 2.7 points, 30 centres between 1 to 1.9 points and 32 centres between 0.1 to 0.9 points.On the contrary, Indore recorded a maximum decrease of 1.1 points. Among others, 7 centres observed a decline between 0.1 to 0.7 points. Rest of 2 centres remained stationary.
Year-on-year inflation for the month stood at 5.57 per cent compared to 5.24 per cent for the previous month and 5.06 per cent during the corresponding month a year before. Similarly, Food inflation stood at 5.61 per cent against 5.26 per cent of the previous month and 5.49per cent during the corresponding month a year ago.
The next issue of CPI-IW for the month of July, 2021 will be released on Tuesday 31st August, 2021.
What will be DA from July 2021?
After the releasing the AICPIN for the month of June 2021, the Expected DA calculation from July 2021 is almost in final condition. The Expected DA from July 2021 may be hike by 3% from the existing rate of 28%.
How to Check the Calculation of ‘Expected DA from July 2021’?
The AICPIN is the popular phrase among the Govt employees in India. The full form of the AICPIN is ‘All India Consumer Price Index Number’. This statistical data is being released by the Department of Labour Bureau every month. Today this Department released another press release for the month of June 2021. The CPI Industrial Workers (Base Year 2016=100) is increased by 1.1 points and stood at 121.7. This data is more important to calculate the Dearness Allowance for Central Govt employees and Pensioners.
How to calcualte DA from July 2021?
We need 6 months AICPIN data from January to June 2021 to calcualte the DA from July 2021. All data are now available and the calculation table is given below for further development:
|M/Y||AICPIN BY 2016=100||AICPIN BY 2001=100||Approximate DA %|
As per the above calculation, the Expected DA from July 2021 will be 3%.