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Friday, June 28, 2013

90% DA from July, 2013 may be announced in view of May, 2013 AICPIN

According to the press release, the All-India CPI-IW for May, 2013 rose by 2 points and pegged at 228 two hundred and twenty eight) and expected Dearness Allowance due from July, 2013 is unchanged in respect of previous month expectation of 90% means 10% increase in present DA [click here to see].  Now picture of expected DA, which is based on a standard calculation is confirmed now. An impossible increase of 9 points in AICPIN of June, 2013 will change the expectation from 90% to 91%.  See following table:-

Expect-ation Increase/ Decrease Index Month Base Year 2001 = 100 Total of 12 Months Twelve monthly Average % increase over 115.76 for   DA DA announced or will be announced
1 Nov-12 218 2490 207.50 79.25% 80%
1 Dec-12 219 2512 209.33 80.83%

 
2 Jan-13 221 2535 211.25 82.49% 82%
2 Feb-13 223 2559 213.25 84.22% 84%

1 Mar-13 224 2582 215.17 85.87% 85%
2 Apr-13 226 2603 216.92 87.38% 87%
2 May-13 228 2625 218.75 88.97% 88%
1st Expectation 0 Jun-13 228 2645 220.42 90.41% 90%
Jul-13 Expected DA from July-2013 90%
2nd Last Expectation 8 Jun-13 236 2653 221.08 90.98% 90%
Jul-13 Expected DA from July-2013 90%
Last Expectation 9 Jun-13 237 2654 221.17 91.06% 91%
Jul-13 Expected DA from July-2013 91%

Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year.

DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF [click on File-Menu & download]

PIB Release of CPI-IW:

Press Information Bureau
Government of India
Ministry of Labour & Employment
28-June-2013 17:45 IST
Consumer Price Index for Industrial Workers (CPI-IW)-May, 2013

The All-India CPI-IW for May, 2013 rose by 2 points and pegged at 228 (two hundred and twenty eight). On 1-month percentage change, it increased by 0.88 per cent between April and May compared with 0.49 per cent between the same two months a year ago.

The largest upward contribution to the change in current index came from Food group which increased by 1.22 per cent, contributing 1.64 percentage points to the total change. At item level, Rice, Arhar Dal, Fish Fresh, Poultry (Chicken), Milk, Chillies Green, Garlic, Ginger, Tomato, Root & Green Vegetables, Tea Leaf, Tea (Readymade), Cigarette, Country Liquor, Electricity Charges, Medicine (Allopathic), Repair Charges, etc. are responsible for the rise in index. However, this was compensated by Petrol putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 10.68 per cent for May, 2013 as compared to 10.24 per cent for the previous month and 10.16 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 13.24 per cent against 12.39 per cent of the previous month and 10.61 per cent during the corresponding month of the previous year. 

At centre level, Chennai and Nagpur recorded the largest increase of 8 points each followed by Nasik (7 points) and Warrangal, Coonoor, Hubli Dharwar, Madurai and Tripura (6 points each). Among others, 5 points rise was registered in 2 centres, 4 points in 14 centres, 3 points in 6 centres, 2 points in 12 centres, and 1 point in 12 centres. On the contrary, a decline of 6 points was reported in Delhi, 5 points in Ghaziabad, 4 points in Srinagar, 3 points in 2 centres, 2 points in 2 centres and 1 point in 7 centres. Rest of the 10 centres’ indices remained stationary. 

The indices of 38 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Jabalpur and Haldia centres remained at par with all-India index. 

The next index of CPI-IW for the month of June, 2013 will be released on Wednesday, 31 July, 2013. The same will also be available on the office website www.labourbureau.gov.in. 

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