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Showing posts with label CPI. Show all posts
Showing posts with label CPI. Show all posts

Monday, 3 September 2018

Expected DA From January 2019 - 3% or 4%

Expected DA From January 2019 - 3% or 4%
Expected DA From January 2019 - 3% or 4%


Consumer Price Index July 2018 & DA August 2018

Consumer Price Index Numbers for Industrial Workers on Base 2001=100. Monthly Index - July 2018 is 301 points.

There has been very big increase of 10 points in July 2018 , this increase of CPI is highest in last four years.

DA as on 1st August is 10.36%. The present DA as on 1st July 2018 is at 9%.

we can expect 3% to 4% DA on January 2019 

Source: central government staff news
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Tuesday, 14 November 2017

Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and Combined for the month of October 2017


Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and Combined for the month of October 2017

 The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.

2. In this press note, the CPI (Rural, Urban, Combined) on Base 2012=100 is being released for the month of October 2017. In addition to this, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released for October 2017. All India Inflation rates (on point to point basis i.e. current month over same month of last year, i.e., October 2017 over October 2016), based on General Indices and CFPIs are given as follows:

All India Inflation rates (%) based on CPI (General) and CFPI
Note: Figures of October 2017 are provisional.

4. Provisional indices for the month of October 2017 and also the final indices for September 2017 are being released with this note for all-India and for State/UTs. All-India provisional General (all-groups), Group and Sub-group level CPI and CFPI numbers for October 2017 for Rural, Urban and Combined are given in Annexure I. The inflation rates of important categories of items are given in Annexure II. State/UT wise provisional General CPI numbers for Rural, Urban and Combined are given in Annexure III. Inflation rates of major States, having population more than 50 lakhs as per population Census 2011, are given in Annexure IV. State/UT–wise Group CPIs are available on the Ministry’s website (www.mospi.gov.in).

5. Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts. Price data are received through web portals, maintained by the National Informatics Centre.

Next date of release: 12th December 2017 (Tuesday) for November 2017.

Authority: http://www.mospi.gov.in/
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Sunday, 8 January 2017

Expected DA from Jan 2017 : AICPIN for November 2016


Expected DA from Jan 2017 : AICPIN for November 2016

Press Release

Consumer Price Index Numbers for Industrial Workers on Base 2001=100
CPI(IW) Base 2001=100 Monthly Index Letter - November 2016

JANUARY 2016269
FEBRUARY 2016267
MARCH 2016268
APRIL 2016271
MAY 2016275
JUNE 2016277
JULY 2016280
AUGUST 2016278
SEPTEMBER 2016277
OCTOBER 2016278
NOVEMBER 2016277
DECEMBER 2016

No. 5/1/2016 - CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
CLEREMONT, SHIMLA-171004
DATED: 30th December, 2016
Press Release

Consumer Price Index for Industrial Workers (CPI-IW) - November, 2016

The All-India CPI-IW for November, 2016 decreased by 1 point and stood at 277 (two hundred and seventy seven). On 1-month percentage change, it decreased by (-) 0.36 per cent between October and November, 2016 when compared with the increase of (+) 0.37 per cent between the same two months a year ago.

The maximum downward pressure to the change in current index came from Food group contributing (-) 1.33 percentage points to the total change. At item level, Rice, Arhar Dal, Moong Dal, Urd Dal, Groundnut Oil, Chillies Green, Banana, Brinjal, Cabbage, Cauliflower, French Beans, Gourd, Green Coriander Leaves, Lady’s Finger, Methi, Palak, Potato, Radish, Tomato, etc. are responsible for the decrease in index. However, this decrease was checked by Wheat, Wheat Atta, Gram Dal, Goat Meat, Tea (Readymade), Cooking Gas, Electricity Charges, Petrol, Toilet Soap, etc., putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 2.59 per cent for November, 2016 as compared to 3.35 per cent for the previous month and 6.72 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.66 per cent against 2.99 per cent of the previous month and 7.86 per cent during the corresponding month of the previous year.
At centre level, Salem reported the maximum decrease of 10 points followed by Bokaro (9 points), Raniganj and Kolkata (6 points each) and Ahmedabad (5 points). Among others, 4 points decrease was observed in 2 centres, 3 points in 8 centres, 2 points in 8 centres and 1 point in 15 centres. On the contrary, Jaipur recorded a maximum increase of 6 points followed by Rourkela and Srinagar (3 points each). Among others, 2 points increase was observed in 5 centres and 1 point in 7 centres. Rest of the 25 centres’ indices remained stationary.

The indices of 35 centres are above All-India Index and other 40 centres’ indices are below national average. The index of Jabalpur, Vishakhapathnam and Ludhiana centres remained at par with All-India Index.

The next issue of CPI-IW for the month of December, 2016 will be released on Tuesday, 31st January, 2017. The same will also be available on the office website www.labourbureaunew.gov.in.
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Tuesday, 3 November 2015

Expected DA from January 2016 which is crucial for 7th CPC Pay

Expected DA from January 2016 is 125% after release of AICPI (IW) for September 2015 – Estimation of Dearness Allowance applicable to Central Government Employees and Pensioners

Ministry of Labour and Employment has released All India Consumer Price Index for the month of September 2015. It has reached 266 which is two point increase over the previous month. Unlike penultimate DA Installment estimation, the pattern of Consumer Price Indices that are available for arriving at expected Dearness Allowances from January 2016 provides us precise idea on expected DA from January 2016. Hence, we thought of making a prediction analysis a bit earlier this time.

In fact, the quantum of DA with effect from 1st January 2016, is very crucial for Central Government Employees and Pensioners, as it is going to determine the DA merged Pay and increase in allowances after implementation of 7th Pay Commission.

As a first step let us list the Actual AICPI – IW which are available as on date, for estimating DA from January 2016.

Month Actual AICPI-IW
Jan-2015 254
Feb-2015 253
Mar-2015 254
Apr-2015 256
May-2015 258
Jun-2015 261
July-2015 263
Aug-2015 264
Sep-2015 266
Oct-2015 Not released
Nov-2015 Not released
Dec-2015 Not released

Out of 12 Consumer Price Indices which are required to determine DA with effect from January 2016, nine indices are already available. So, consumer price indices for remaining three months will have to be assumed.
We have taken three possible assumptions this time, such that each assumption gives different quantum of increase in DA from January 2016.

Assumption 1: (Assumption of CPI for getting least possible increase in DA from January 2016)

The least increase in DA from January 2016 will be 5% (i.e., DA from January will be 124% ). Under this assumption, DA from January 2016 will be 124% only if CPI falls below the present level of 266 in at least two of three coming months. Though Chances for this scenario coming to reality is possible but the increasing trend in consumer price index from February 2015 negates this possibility.

DA from Jan 2016= [(254+253+254+256+258+
261+263+264+266+265+
265+266)-115.76]*100/115.76
= 124 % (5% increase in DA from Jan 2016)

Assumption 2: (Assumption of CPI for getting maximum possible DA from January 2016):

DA from January 2016 is calculated to be 126%, only if CPI touches 272 from the present level of 266, at least two times in the coming three months with at least one point increase in the remaining month.  We feel that this scenario is remotely possible considering the trend of CPI, which shows only moderate inflation.

DA from Jan 2016= [(254+253+254+256+258+
261+263+264+266+267+
272+272)-115.76]*100/115.76
= 126 % (7% increase in DA from Jan 2016)

Assumption 3: (Assumption of Most Possible Consumer Indices ):

Steady increase in AICPI-IW could be found from February 2015 at the rate of one to two point increase over previous month.

Even if CPI from October 2015 to December 2015 remains at 266 , DA from January 2016 will be 125%. Considering the trend in CPI in the recent months, it could be safely presumed that indices would increase one or two points in the coming months or at least remains in the same level. In both of these cases, DA from January 2016 will be 125%.

DA from Jan 2016= [(254+253+254+256+
258+261+263+264+266+
267+272+272)-115.76]*100/115.76
= 125 % (6% increase in DA from Jan 2016)
It is apparent that Assumption 3 has got better chances out of these three assumptions. Hence we can safely bet that DA from January 2016 will be 125%.

Source: gconnect.in
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Sunday, 31 May 2015

AICPIN for the month of April 2015

AICPIN for the month of April 2015
No. 5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
`CLEREMONT’, SHIMLA-171004
DATED : 29th May, 2015
Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – April, 2015

The All-India CPI-IW for April, 2015 increased by 2 points and pegged at 256 (two hundred and fifty six). On 1-month percentage change, it increased by (+) 0.79 per cent between March, 2015 and April, 2015 when compared with the increase of (+) 1.26 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.24 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Urd Dal, Fish Fresh, Goat Meat, Poultry (Chicken), Milk (Buffalo & Cow), Vegetable & Fruit items, Tea (Readymade), Snack (Sweet & Saltish), Country Liquor, Electricity Charges, Doctor’s Fee, Private Tuition Fee, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Eggs (Hen), Onion, Chillies Green, Sugar, Petrol, Flower/Flower Garlands, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 5.79 per cent for April, 2015 as compared to 6.28 per cent for the previous month and 7.08 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.68 per cent against 6.98 per cent of the previous month and 7.76 per cent during the corresponding month of the previous year.

At centre level, Srinagar reported the highest increase of 9 points followed by Bhilai (5 points). Among others, 4 points increase was observed in 14 centres, 3 points in 9 centres, 2 points in 14 centres and 1 point in 18 centres. On the contrary, Giridih centre recorded a maximum decrease of 6 points followed by Guntur (3 points) and Ranchi-Hatia and Godavarikhani (2 points each). Among others, 1 point decrease was observed in 8 centres. Rest of the 9 centres’ indices remained stationary.

The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.

The next index of CPI-IW for the month of May, 2015 will be released on Tuesday, 30th June, 2015. The same will also be available on the office website www.labourbureau.gov.in.
sd/-
(S.S.NEGI)
Director
Source: http://www.labourbureau.gov.in/Press%20Note%20English%20Apr%202015.pdf
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Friday, 1 May 2015

AICPIN For March 2015 – One Point Increased And Stands At 254

AICPIN For March 2015 – One Point Increased And Stands At 254

Just now Labour Bureau released the statistics of Consumer Price Index (Industrial Workers) for the month of March 2015 through its official portal.

The price index is just increased one point from its current of 253 and stands at 254.
G.I., Min. of Lab. & Emp., Labour Bureau, Press Release No.5/1/2015-CPI, dt, 30.4.2015

Consumer Price Index for Industrial Workers (CPI-IW) – March, 2015

The All-India CPI-IW for March, 2015 increased by 1 point and pegged at 254 (two hundred and fifty four). On 1- month percentage change, it increased by (+) 0.40 per cent between February, 2015 and March, 2015 when compared with the increase of (+) 0.42 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 0.57 percentage points to the total change. At item level, Wheat, Arhar Dal, Goat Meat, Fish Fresh, Milk (Buffalo & Cow), Vegetable & Fruit items, Tea (Readymade), Firewood, Doctor’s Fee, Private Tuition Fee, Petrol, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Rice, Eggs (Hen), Onion, Potato, Sugar, Electricity Charges, Flower/Flower Garlands, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.28 per cent for March, 2015 as compared to 6.30 per cent for the previous month and 6.70 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 6.98 per cent against 7.42 per cent of the previous month and 7.50 per cent during the corresponding month of the previous year.

At centre level, Goa and Ghaziabad reported the highest increase of 10 points each followed by Bhavnagar (7 points), Lucknow (5 points), Indore, Varanasi and Chhindwara (4 points each). Among others, 3 points increase was observed in 10 centres, 2 points in 4 centres and 1 point in 21 centres. On the contrary, Tiruchirapally centre recorded a maximum decrease of 12 points followed by Belgaum (4 points) and Doom Dooma Tinsukia (3 points). Among others, 2 points decrease was observed in 5 centres and 1 point in 10 centres. Rest of the 18 centres’ indices remained stationary.

The indices of 37 centres are above All India Index and other 39 centres’ indices are below national average. The index of Vishakhapathnam and Chhindwara centres remained at par with All-India index.

The next index of CPI-IW for the month of April, 2015 will be released on Friday, 29th May, 2015. The same will also be available on the office website www.labourbureau.gov.in.

Source: Labour Burea
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Tuesday, 27 January 2015

Central Government to release new series of CPI inflation in February

New series of Consumer Price Index from February 2015

According to the news paper report, the Central Government to release new series of CPI inflation in February…

To present a more accurate and realistic price situation, the government will release next month a new series of Consumer Price Index (CPI) with 2012 as base year for computing retail inflation rate.

The Central Statistics Office (CSO) is in the process revising the Base Year from 2010=100 to 2012=100 so that the gap between Price Reference Year (Base Year) and the Weight Reference Year has been minimised. The first series (revised) would be compiled for January which will be released on February 12 and from January 2016 onwards, inflation rates would be compiled using the actual CPI of the revised series.
Besides, the government has notified a number of methodological improvements have been introduced in the revised series. Prices of Antyodaya Anna Yojanna (AAY) have also been included in addition to Above Poverty Line (APL) & Below Poverty Line (BPL) prices being taken in the existing series.

The weight of food and beverages would be 45.86 in the new series compared to 47.58 in 2010 series for national index. The weight of fuel and light segment would be 6.84 in the new series which is 9.49 in the 2010 series. The weight of clothing and footware segment would be increased to 6.53 from 4.73.

The weight of housing will also be increased to 10.07 from 9.77. Further, the weight of pan, tobacco and intoxicants will be increased to 2.38 from 2.13 in 2010 series. Similarly the weight of miscellaneous will also be increased to 28.32 from 26.31 in the new series.

The number of priced items has been changed from 437 to 448 in rural and from 450 to 460 in urban at all India level. In the revised series, 11 new priced items have also been added, without dropping any item, in rural sector at all India level. In case of urban, 7 priced items have been dropped and 17 new priced items have been added.

Source : PTI
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Friday, 31 October 2014

Expected DA from Jan 2015 – AICPIN for the month of September 2014

Expected DA from Jan 2015 – AICPIN for the month of September 2014

No.5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
‘CLEREMONT’, SHIMLA-171004:
Dated the 31st October, 2014
Press Release

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

The All-India CPI-IW for September, 2014 remained stationary at 253 (two hundred and fifty three). On 1-month percentage change, it remained stalic between August, 2014 and September, 2014 when compared with the rise of 0.42 per cent between the same two months a year ago.

The largest downward pressure to the change in current index came from Food group contributing (-) I .04 percentage points to the Lotal change. At item level, Fish Fresh, Poultry (Chicken). Chitlies Green. Ginger. Onion, Tomato, Brinal. French Beans. Lady’s Finger. Apple, Sugar, Medicine (Allopathie). Petrol. etc. are responsible for the decrease in index. However, this decrease was restricted to sore extent by Rice, Wheat Atta, Arhar Dal, Potato, Cauliflower. Tea (Readymade), Snack Saltish, Bidi, Cigarette, Electricity Charges, Cinema Charges, Toilet Soap. Tailoring charges. etc.. putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-1W stood at 6.30 per cent tbr September, 2014 as compared to 6.75 per cent for the previous month and 10.70 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 6.46 per cent against 7.63 per cent ot’ the previous month and 13.36 per cent during the corresponding month of the pre ious year.

At centre level, Goa reported a decrease of 10 points followed by Nagpur (5 points). Among others, 4 points fall was observed in 6 centres. 3 points in 4 centres. 2 points in 9 centres and 1 point in 19 centres. On the contrary, Tripura recorded the maximum increase of 6 points followed by Lucknow & Jalpaiguri (4 points each) and Rourkela & Rangapara-Tezpur (3 points each). Among others, 2 points rise was registered in 8 centres and 1 point in 12 centres. Rest of the 13 centres’ indices remained stationary.

The indices of 37 centres are above and other 41 centres’ indices are below national average.

The next index of CPI-1W fut the month of October, 2014 will be released on Friday, 28 November. 2014.
The sanie will also be available on the office website www.labourbureau.gov.in
sd/-
(S.S.NEGI)
Director
Source: Labour Bureau
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Sunday, 1 June 2014

AICPIN FOR THE MONTH OF APRIL 2014 – PRESS RELEASE ISSUED BY LABOUR BUREAU

AICPIN FOR THE MONTH OF APRIL 2014 – PRESS RELEASE ISSUED BY LABOUR BUREAU

Labour Bureau,
Government of India

Press Release
Consumer Price Index Numbers for Industrial Workers on Base 2001=100

CPI(IW) Base 2001=100 Monthly Index Letter – APRIL 2014

JANUARY 2014 237
FEBRUARY 2014 238
MARCH 2014 239
APRIL 2014 242

AICPIN FOR THE MONTH OF APRIL 2014 -   Press Release of CPI-IW for April, 2014:

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

‘CLEREMONT’, SHIMLA-171004
DATED: the 30th May, 2014
Press Release
Consumer Price Index for Industrial Workers (CPI-I W) – April, 2014
The All-India CPI-1W for April, 2014 increased by 3 points and pegged at 242 (two hundred and forty two). On 1-month percentage change, it increased by 1.26 percent between March, 2014 and April, 2014 when compared with the rise of 0.89 percent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 2.53 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Moong Dal, Fish Fresh, Goat Meat, Milk (Buffalo), Vegetab’es & Fruits, Sugar, 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-1W stood at 7.08 percent for April, 2014 as compared to 6.70 per cent for the previous month and 10.24 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.76 per cent against 7.50 per cent of the previous month and 12.39 per cent during the corresponding month of the previous year.

At centre level, Angul-Talcher, Amer and Asansol recorded the maximum increase of 7 points cach followed by Ludhiana, Ernakulam, Kodarma, Giridih and Tiruchirapally (6 points each) and Nagpur, Ghaziabad, Rangapara-Tezpur. Salem and Jabalpur (5 points each). Among others, 4 points rise was registered in 12 centres, 3 points in 16 centres, 2 poInts in 24 centres and 1 point In 8 centres. On the contrary, Munger-Jamalpur reported a decline of 4 points. Indices of remaining 4 centres observed no change.

The indices of 36 centres are above and other 41 centres are below national average. The index of Munger-Jamalpur is at par with all-India index.

The next index of CPI-1W for the month of May, 2014 will be released on Monday, 30 June, 2014. The same will also be available on the office website www,labourbureau.gov.in
sd/
(S.S.NEGI)
DIRECTOR
Source: http://labourbureau.gov.in/Press_IW_APR2014.pdf
aicpin+april+2014
Source: http://labourbureau.nic.in/MIL_APR_2014_E.pd
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