Expected DA/DR from Jul, 2023 records 1% increase in 1st month as All-India CPI-IW for January, 2023 released

Expected DA/DR from Jul, 2023 records 1% increase in 1st month as All-India CPI-IW for January, 2023 released

The All-India CPI-IW for January, 2023 increased by 0.5 points and stood at 132.8 (one hundred thirty two point eight). This increase in CPI-IW is opening the account of Expected DA/DR from July, 2023 i.r.o. Central Govt Employees and Pensioners with score of 1% increase in 1st month.  Rest of 5 months’ CPI-IW index will confirm the exact figure of DA/DR of Jul, 2023.

The DA/DR from Jan, 2023 has also confirmed to be 42% with 4 percent increase in existing rate.  As per prevailing practice this increase will be approved by Cabinet in the month of March, 2023.  The Central Govt. Employees and Pensioners are eagerly waiting for Cabinet Approval and issuance of DoE OM in this regard.

The DA/DR from Jul, 2023 table is as follows:-

Previous: DA/DR from Jan, 2023 @ 42% Confirmed – CPI-IW for December, 2022 released

Press release dated 28.02.2023 by Labour Bureau:-

GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004
DATED: 28 Feb, 2023

F.No. 5/1/2021-CPI

Press Release

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

The All-India CPI-IW for January, 2023 increased by 0.5 points and stood at 132.8 (one hundred thirty two point eight). On 1-month percentage change, it increased by 0.38 per cent with respect to previous month compared to decrease of 0.24 per cent recorded between corresponding months a year ago.

The maximum upward pressure in current index came from Housing group contributing 0.40 percentage points to the total change. At item level, House rent, Wheat, Wheat Atta, Cow Milk, Apple, Banana, Orange, Brinjal, Lady Finger, Kundru, Cumin Seed/Jira, Egg Hen, Cooked Meal, Pan Finished, Zarda, Medicine Allopathic, Toilet Soap, etc. are responsible for the rise in index. However, this increase was largely checked by Potato, Cabbage, Carrot, Cauliflower, Peas, Onion, Capsicum, French Beans, Green Coriander Leaves, Radish, Tomato, Soyabean Oil, Sunflower Oil, Poultry Chicken, etc. putting downward pressure on the index.

At centre level, Coimbatore recorded a maximum increase of 3 points. Among others, 3 centres recorded increase between 2 to 2.1 points, 14 centres between 1 to 1.9 points and 39 centres between 0.1 to 0.9 points. On the contrary, Labac- Silchar recorded a maximum decrease of 1.5 points. Among others, 4 centers recorded decrease between 1 to 1.3 points and 21 centres between 0.1 to 0.9 points. Rest of five centers index remained stationary.

Year-on-year inflation for the month stood at 6.16 per cent compared to 5.50 per cent for the previous month and 5.84 per cent during the corresponding month a year before. Similarly, Food inflation stood at 5.69 per cent against 4.10 per cent of the previous month and 6.22 per cent during the corresponding month a year ago.

To read further Press_Note_CPI_IW_JULY_2022