Expected DA from January, 2018: Indication of 7th CPC DA @ 7% & 6th CPC @ 142% – CPI(IW) Index of Jul, 17 released
5 points increase in All India Consumer Price(Industrial Workers) Index Number [CPI(IW)] of July, 2017 is indicating 7% 7th CPC Dearness Allowance with 2% increase & 142% 6th CPC DA with 3% increase in 6th CPC Dearness Allowance from
January, 2018.
It is also mentioned that the enhancement in Dearness Allowance w.e.f. 01st July, 2017 is pending for approval by Government may be approved in this month.
July, 2017 is the first month of the second half year of 2017 and Index number
of CPI(IW) for all months are needed to calculate the expected DA w.e.f.
January, 2018. Only July, 2017 CPI(IW) Index number is not sufficient for
speculation of Expected DA from January, 2018. There are three situations
are illustrated in this post taking equal increase in rest of months of second
half of this year. A higher increase of 5 points in July, 2017 Index is
giving 3% or 4% in Jan, 2018 6th CPC DA and 2% or 3% increase in 7th CPC DA.
of CPI(IW) for all months are needed to calculate the expected DA w.e.f.
January, 2018. Only July, 2017 CPI(IW) Index number is not sufficient for
speculation of Expected DA from January, 2018. There are three situations
are illustrated in this post taking equal increase in rest of months of second
half of this year. A higher increase of 5 points in July, 2017 Index is
giving 3% or 4% in Jan, 2018 6th CPC DA and 2% or 3% increase in 7th CPC DA.
Expected
DA from January, 2018 Table calculated on 3 different expected situations:-
Expected Dearness Allowance
from January, 2018 – Table by www.staffnews.in |
|||||||||
Expectation /Order |
Increase/ Decrease Index |
Month | Base Year 2001 = 100 |
Total of 12 Months |
Twelve monthly Average |
% Increase over 115.76 for 6CPC DA |
% Increase over 261.42 for 7CPC DA |
6thCPC DA announced or will be announced |
7thCPC DA announced or will be announced |
DA from July, 2017 to be announced | -1 | Jan,17 | 274 | 3297 | 274.75 | 137.34% | 5.10% | 139% | 5% |
0 | Feb,17 | 274 | 3304 | 275.33 | 137.85% | 5.32% | |||
1 | Mar,17 | 275 | 3311 | 275.92 | 138.35% | 5.55% | |||
2 | Apr,17 | 277 | 3317 | 276.42 | 138.78% | 5.74% | |||
1 | May,17 | 278 | 3320 | 276.67 | 139.00% | 5.83% | |||
2 | Jun,17 | 280 | 3323 | 276.92 | 139.22% | 5.93% | |||
Expected Dearness Allowance from July, 2017 |
|||||||||
July-Index | 5 | Jul,17 | 285 | 3328 | 277.33 | 139.58% | 6.09% | ||
Expected DA from Jan, 2018 1st – Situation |
0 | Aug,17 | 285 | 3335 | 277.92 | 140.08% | 6.31% | 142% | 7% |
0 | Sep,17 | 285 | 3343 | 278.58 | 140.66% | 6.57% | |||
0 | Oct,17 | 285 | 3350 | 279.17 | 141.16% | 6.79% | |||
0 | Nov,17 | 285 | 3358 | 279.83 | 141.74% | 7.04% | |||
0 | Dec,17 | 285 | 3368 | 280.67 | 142.46% | 7.36% | |||
Expected Dearness Allowance from January, 2018
|
|||||||||
Expected DA from Jan, 2018 2nd – Situation |
1 | Aug,17 | 286 | 3336 | 278.00 | 140.15% | 6.34% | 143% | 7% |
1 | Sep,17 | 287 | 3346 | 278.83 | 140.87% | 6.66% | |||
1 | Oct,17 | 288 | 3356 | 279.67 | 141.59% | 6.98% | |||
1 | Nov,17 | 289 | 3368 | 280.67 | 142.46% | 7.36% | |||
1 | Dec,17 | 290 | 3383 | 281.92 | 143.54% | 7.84% | |||
Expected Dearness Allowance from January, 2018
|
|||||||||
Expected DA from Jan, 2018 3rd – Situation |
2 | Aug,17 | 287 | 3337 | 278.08 | 140.22% | 6.37% | 144% | 8% |
2 | Sep,17 | 289 | 3349 | 279.08 | 141.09% | 6.76% | |||
2 | Oct,17 | 291 | 3362 | 280.17 | 142.02% | 7.17% | |||
2 | Nov,17 | 293 | 3378 | 281.50 | 143.18% | 7.68% | |||
2 | Dec,17 | 295 | 3398 | 283.17 | 144.62% | 8.32% | |||
Expected Dearness Allowance from January, 2018
|
Click on image to view and share |
You may also download/save the excel sheet for self calculation. The link for excel sheet is given below:
DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF [click on File-Menu & download]
Press Release of AICPIN for July, 2018 – 5 Points increased and pegged at 285:-
No. 5/1/2017-CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
`CLEREMONT’, SHIMLA-171004
DATED: 31st August, 2017
Press Release
Consumer Price Index for Industrial Workers (CPI-IW) — July 2017
The All-India CPI-IW for July, 2017 increased by 5 points and pegged at 285 (two hundred and eighty five). In terms of monthly change, it increased by (+) 1.79 per cent between June, 2017 and July, 2017 when compared with the increase of (+) 1.08 per cent for the corresponding months of last year.
The maximum upward pressure to the change in current index came from Food group contributing (+) 3.12 percentage points to the total change. The House Rent index further accentuated the overall index by (+) 0.70 percentage points. At item level, Rice, Pure Ghee, Chillies (Green), Onion, Bitter Gourd, Brinjal, Gourd, Lady’s Finger, Palak, Parwal, Potato, Pumpkin, Tomato, Torai, Banana, Cucumber, Mango, Tea (Readymade), Bidi, Cooking Gas, Kerosene Oil, etc. are responsible for the increase in index. However, this increase was checked by Wheat, Arhar Dal, Masur Dal, Urd Dal, Coconut Oil, Mustard Oil, Poultry (Chicken), Coconut, Lemon, Petrol, etc., putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 1.79 per cent for July, 2017 as compared to 1.08 per cent for the previous month and 6.46 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at (-) 0.32 per cent against (-) 1.28 per cent of the previous month and 9.34 per cent during the corresponding month of the previous year.
At centre level, Jamshedpur reported the maximum increase of 12 points followed by Delhi and Ranchi-Hatia (11 points each), Raniganj and Jaipur (10 points each) and Varanasi and Amritsar (9 points each). Among others, 8 points increase was observed in 2 centres, 7 points in 7 centres, 6 points in 7 centres, 5 points in 11 centres, 4 points in 10 centres, 3 points in 13 centres, 2 points in 9 centres and 1 point in 5 centres. On the contrary, Goa recorded a decrease of 1 point. Rest of the 6 centres’ indices remained stationary.
The indices of 34 centres are above All-India Index and 42 centres’ indices are below national average. The indices of Amritsar and Lucknow centres remained at par with All-India Index.
The next issue of CPI-IW for the month of August, 2017 will be released on Friday, 29th September, 2017. The same will also be available on the office website www.labourbureaunew.gov.in.
(SHYAM SINGH NEGI)
DEPUTY DIRECTOR GENERAL
Source: Click here to view/download PDF
COMMENTS