Press Release of AICPIN for May 2014 – 2 Points increased and stood at 244

Press Release of AICPIN for May 2014 – 2 Points increased and stood at 244

Consumer Price Index for Industrial Workers (CPI-IW) – May, 2014

No. 5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004
DATED: the 30th June, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – May, 2014

The All-India CPI-IW for May, 2014 increased by 2 points and pegged at 244 (two hundred and forty four). On 1-month percentage change, it increased by 0.83 per cent between April, 2014 and May, 2014 when compared with the rise of 0.88 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 1.65 percentage points to the total change. At item level, Rice, Coconut Oil, Fish Fresh, Poultry, Milk, Onion, Vegetables & Fruits, Sugar, Cigarette, Electricity Charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Petrol putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 7.02 per cent for May, 2014 as compared to 7.08 per cent for the previous month and 10.68 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.66 per cent against 7.76 per cent of the previous month and 13.24 per cent during the corresponding month of the previous year.

At centre level, Coimbatore recorded the maximum increase of 9 points followed by Bhavnagar (7 points) and Amritsar, Mercara and Tiruchirapally (6 points each). Among others, 5 points rise was registered in 7 centres, 4 points in 11 centres, 3 points in 13 centres, 2 points in 11 centres and 1 point in 10 centres. On the contrary, a decline of 5 points was reported in Giridih, 4 points in Chhindwara, 3 points in 2 centres, 2 points in 1 centre and I point in 7 centres. Indices of remaining 9 centres observed no change.

The indices of 35 centres are above and other 41 centres are below national average. The index of Vishakhapathnam and Chandigarh is at par with all-India index.

The next index of CPI-1W for the month of June, 2014 will be released on Thursday, 31 July, 2014. The same will also be available on the office website www.labourbureau.gov. in.

sd/-
(S.S.NEGI)
DIRECTOR

Source: www.labourbureau.nic.in

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AICPIN FOR THE MONTH OF MAY 2014 – EXPECTED DA FROM JULY 2014

AICPIN FOR THE MONTH OF MAY 2014 – EXPECTED DA FROM JULY 2014

Labour Bureau published the index of CPI-IW for May 2014 has increased by two points from the existing level and pegged at 244.

Consumer Price Index Numbers for Industrial Workers on Base 2001=100
CPI(IW) Base 2001=100 Monthly Index Letter – MAY 2014

JANUARY 2014 –  237
FEBRUARY 2014 –  238
MARCH 2014  – 239
APRIL 2014  -  242
MAY 2014  – 244

According the press release of AICPIN for the month of May 2014, the expected da from July 2014 is slightly go up to 106 (106.17).

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AICPIN for the month of May

AICPIN for the month of May

AICPIN(I-W) for the month of May 2014, the data on price rise and inflation, is going to be released today. The twice-a-year Dearness Allowance given to Central Government employees is calculated on the basis of Consumer Price Index for Industrial Workers based on 2001=100.

At the end of each month, the Labour Bureau, a Central Government agency, releases the AICPIN number for the previous month, based on the month’s price fluctuations. The Bureau is expected to release the APCIN number today. If one goes by the other statistics released for the month of May (Agricultural Labourers 771 to 777; Rural Labourers 773 to 780), the AICPIN number is expected to be on the ascent.
The hike in railway passenger and freight transportation fares is very likely to impact June’s AICPIN number. The AICPIN number for the month of May is expected to increase by a point or two.

Since the first Dearness Allowance of the year is based on the AICPIN points of from the months of December until June, the AICPIN points of May and June assume special significance. An increase of even one point in the next two months from the current levels will raise the additional Dearness Allowance by 7% in July. In other words, from 100%, the total Dearness Allowance could increase to 107..!

The Dearness Allowance given to Central Government employees is expected to rise to 107% in July.

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