Expected DA/DR from Jan, 2024 @ 50% – CPI-IW for Sep, 2023 released

Expected DA/DR from Jan, 2024 @ 50% – CPI-IW for Sep, 2023 released

The All-India CPI-IW for September 2023 decreased by 1.7 points and stood at 137.5 (one hundred thirty-seven point five), as per the press release by the Labour Bureau on 31st October 2023. Expected DA/DR from January 2024 is accounted for in the 3rd step with this release. This decline in the CPI-IW Index still results in a 4% increase in DA/DR from January 2024 for Central Government Employees and Pensioners, reaching 50% in the 7th CPC DA/DR. The CPI-IW index in the coming months will confirm the exact figure of DA/DR for January 2024. Expected DA/DR from January 2024 will increase to 50%, subject to further increases in the coming months’ CPI-IW.

The DA/DR from Jan, 2024 table is as follows  निम्‍नलिखित तालिका से समझते हैं कि जनवरी, 2024 से डीए/डीआर की क्‍या दर होगी:-

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Press release dated 31.10.2023 by Labour Bureau:-

GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

Shram Bureau Bhawan, Block No. 2,
Institutional Area, Sector 38 (West),
Chandigarh — 160036
Dated: 31st October, 2023

F.No. 5/1/2021-CPI

Press Release

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

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.

The maximum downward pressure in current index came from Food & Beverages group contributing 1.10 percentage points to the total change. At item level, Fish Fresh, Cotton Seed Oil, Mustard Oil, Apple, Orange, Bitter Gourd, Brinjal, Cabbage, Carrot, Chillies Green, Ginger, Lady’s Finger, Tomato, Capsicum, Gourd, Radish, Cooking Gas, etc. are responsible for the fall in index. However, this decrease was checked by Rice, Wheat, Wheat Atta, Arhar Dal, Chana Dal, Dairy Milk, Poultry/Chicken, Eggs-hen, Banana, Grapes, Cauliflower, Garlic, Onion, Cumin Seed/Jira, Cooked Meals, Electricity Domestic, Kerosene Oil, Cigarettes, Pan Masala, School Uniform (Boys/Girls), Books School/ITI, Tuition and other Fees-College and School/ITI, etc. putting upward pressure on the index.

At centre level, Salem recorded a maximum decrease of 6.7 points followed by Udham Singh Nagar and Jalandhar with 5.8 and 5.4 points respectively. Among others, 5 centres recorded decrease between 4 to 4.9 points, 5 centres between 3 to 3.9 points, 19 centres between 2 to 2.9 points, 30 centres between | to 1.9 points and 13 centres between 0.1 to 0.9 points. On the contrary, Jalpaiguri recorded a maximum increase of 1.9 points followed by Chikmagalur and Jammu & Kashmir with 1.2 and 1.1 points respectively. Among others, 9 centres recorded increase between 0.1 to 0.9 points and centre index remained stationary.

Year-on-year inflation for the month stood at 4.72 per cent compared to 6.91 per cent for the previous month and 6.49 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.52 per cent against 10.06 per cent of the previous month and 7.76 per cent during the corresponding month a year ago.

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