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

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

The All-India CPI-IW for Nov, 2023 increased by 0.7 points and stood at 139.1 (one hundred thirty-nine point four), as per the press release by the Labour Bureau on 29th December 2023. Expected DA/DR from January, 2024 is accounted for in the 5th step with this release. This increase 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 29.12.2023 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

F.No. 5/1/2021-CPI

Dated: 29th December, 2023

Press Release

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

The All-India CPI-IW for November, 2023 increased by 0.7 points and stood at 139.1 (one hundred thirty nine point one). On 1-month percentage change, it increased by 0.51 per cent with respect to previous month whereas it remained stationary between corresponding months a year ago.

The maximum upward pressure in current index came from Food & Beverages group contributing 0.65 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Jowar, Arhar Dal/Tur Dal, Urd Dal, Eggs-Hen, Gingelly oil, Coconut fresh with Pulp, Carrot, Drum-stick, French beans, Garlic, Lady’s Finger, Onion, Tomato, Sugar-White, Cumin seed/Jira, Cooked Meals, Zarda/kimam/Surti/Gutka, Leaf Tobacco, Tailoring Charges, Trouser Pants readymade, Leather Sandal/Chappal/Slippers, Electricity Charges (Domestic), Books-School/ITT, Tuition and other fees-College, etc. are responsible for the rise in index. However, this increase was largely checked by Fish Fresh, Poultry/Chicken, Soyabean oil, Sunflower Oil, Apple, Banana, Grapes, Orange, Capsicum, Cauliflower, Chillies Green, Ginger, Lemon, Peas, Medicine Allopathic, etc. putting downward pressure on the index.

At centre level, Tirunelveli recorded a maximum increase of 4.1 points. Among others, 3 centres recorded increase between 3 to 3.9 points, 5 centres between 2 to 2.9 points, 19 centres between 1 to 1.9 points and 36 centres between 0.1 to 0.9 points. On the contrary, Gurugram recorded a maximum decrease of 1.5 points followed by Ahmedabad and Kollam with 1.0 point each. Among others, 18 centres recorded decrease between 0.1 to 0.9 points. Rest of three centres’ index remained stationary.

Year-on-year inflation for the month stood at 4.98 per cent compared to 4.45 per cent for the previous month and 5.41 per cent during the corresponding month a year before. Similarly, Food inflation stood at 7.95 per cent against 6.27 per cent of the previous month and 4.30 per cent during the corresponding month a year ago.

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