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Monday, February 10, 2014

DA Calculation for the month of December 2013 - CPI-IW declined 4 points

DA Calculation for the month of December 2013 - CPI-IW declined 4 points

 Labour Bureau has published the detailed report of AICPIN for the month of December 2014 as press release on 31st Jan 2014 through its official portal, how the Consumer Price Index for Industrial Workers (CPI-IW) suddenly declined by four points and stands at 239 and Agricultural and Rural Labourers index also decreased by 12 and 11 points respectively in the same month...

The impact of four points declined in CPI-IW will reflect in the "Expected DA from July 2014'...

For your information...
DA calculation Sheet for the period between Jun to Dec 2013 as follows...


Month /
Year
B.Y. 2001=100
Total of
12 Months
12 Months
Average
% Increase
over 115.763
App. DA
DA
%

Jun-13
231
2648
220.67
104.91
90.62
90
Jul-13
235
2671
222.58
106.82
92.28
92
Aug-13
237
2694
224.50
108.74
93.93
93
Sep-13
238
2717
226.42
110.66
95.59
95
Oct-13
241
2741
228.42
112.66
97.32
97
Nov-13
243
2766
230.50
114.74
99.12
99
Dec-13
239
2786
232.17
116.41
100.56
100


No 5/1/2013-CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
'CLEREMONT', SHIMLA-171004
 DATED: the 31st January, 2014
Press Release
Consumer Price Index for Industrial Workers (CPI-IW) - December, 2013

The All-India CPI-1W for December, 2013 declined by 4 points and pegged at 239 (two hundred and thirty nine). On 1-month percentage change, it decreased by 1.65 per cent between November and December compared with the rise of 0.46 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 -4.96 percentage points to the total change. At item level, Onion, Ginger, Chillies Green. Brinjal, Cauliflower, Cabbage. Peas, Tomato, Potato and other Vegetable items, Sugar, etc. are responsible for the decrease in index. However, this was compensated to some extent by Fish Fresh, Eggs Hen. Poultry, Milk. Pure Ghee. Garlic, Fire Wood. LSI Contribution, etc. putting upward pressure on the index.

The year-on-)ear inflation measured by monthly CPI-IW stood at 9.13 per cent for December, 2013 as compared to I 1.47 per cent for the previous month and 11.17 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 11.49 per cent against 16.17 per cent of the previous month and 13.53 per cent during the corresponding month of the previous year.

At centre level. Giridih recorded the highest decline of 12 points followed by Ahmedabad, Chinaware, Varanasi. Munger Jamalpur, Nagpur and Bhavnagar (10 points each). Jamshedpur (9 Points) Rourkela, Ludhiana. Tripura and Angul ThIcher (8 points each). Among others, 7 points decrese was registered in 9 centres, 6 points in 8 centres, 5 points in 11 centres, 4 points in 8 centres, 3 points in 7 centres 2 points in 9 centres and 1 point in 7 centres. On the contrary. Sholapur centre reported an increase of 4 points followed by Puducherry (2 points). Coimbatore and Srinagar centres l point each. Rest of the 3 centres' indices remained stationary.

The indices of 17 centres are above All-India Index and other 39 centres' indices are below national average. The index of Varanasi and Vijayawada centres remained at par with all-India index.

The next index of CPI-IW for the month of January. 2014 will be released on Friday, 28 February), 2014. The same will also be available on the office website wv,w.labourburgip,gov.jn.
Sd/-
(S.S.NEGI)
Director

Source: http://labourbureau.nic.in/Press_IW_DEC2013.pdf



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