AICPI-IW for December 2012 released by Labour Bureau – DA with effect from January 2013 will be 80%
AICPI – IW (All India Consumer price Index for industrial workers with the base as 2001=100) for the month of December 2012 has been issued by Government.
All India consumer price index AICPI-IW for the period from January 2012 to December 2012
Estimated Dearness Allowance with effect from January 2013
From the table above you could see that all the details for calculating Dearness Allowance with effect from January 2013 i.e., All India Consumer price Index (Industrial Workers) for the months from January 2012 to December 2012 are available.
The formula for calculating Central Government Employees with effect from January of every year is as follows
|Dearness Allowance with effect from 1st January every year||(Average of AICPI-IW for the months from January to December of previous year – 115.76)X100/115.76|
Hence, on the basis of above formula, the Dearness Allowance (DA) eligibility for all Central Government Employees and Pensioners with effect from January 2013 will be 80%. We had estimated this figure in our earlier article (Click here to read)
For your convienience, GConnect DA Calculator estimates Expected DA using the above said Calculation formula
GConnect DA Calculator
Enter AICPI-IW for the month of December 2012 (which is 219 as per Labour Bureau Press release) in the following GConnect DA Calculator to estimate DA.
The following is the press release of Ministry of Labour and Employment for announcing the All India Consumer
Price Index (IW) for December 2012
Consumer Price Index Numbers for Industrial Workers (CPI-IW) December 2012 The All-India CPI-IW for December, 2012 rose by 1 point and pegged at 219 (two hundred and nineteen). On 1-month percentage change, it increased by 0.46 per cent between .November and December compared with (–)1.01 per cent between the same two months a year ago.
The largest upward contribution to the change in current index came from Miscellaneous Group which increased by 1.08 per cent, contributing 0.49 percentage points to the total change. This was followed by Clothing, Bedding & Footwear and Fuel & Light groups with 1.17 and 0.92 percent respectively contributing 0.13 and 0.10 percentage points to the change. At item level , largest upward pressure came from Rice, Wheat Atta, Groundnut oil, Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Tea (Leaf), Tea (readymade),Electricity charges, Firewood, Sweater, E.S.I. contribution, Medicine (Allopathic), Private Tution Fees, us fare, Flower/ Flower Garlands, Tailoring Charges, etc.
The largest downward contribution to the change in current index came from Vegetables & Fruits with a decline of (-) 8.33 per cent contributing (-) 1.21 percentage points to the total change.
The year-on-year inflation measured by monthly CPI-IW stood at 11.17 per cent for December, 2012 as compared to 9.55 per cent for the previous month and 6.49 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 13.53 per cent against 10.85 per cent of the previous month and 1.97 per cent during the corresponding month of the previous year.
At centre level, Hubli Dharwar recorded the largest increase of 10 points followed by Quilon (8 points) and Mundalakkayam and Ernaculam (7 points each) and Mysore (5 points). Among others, 4 per cent rise was registered in 2 centres, 3 points in one centre, 2 points in 11 centres and one point in 12 centres. Doom Dooma Tinsukiya centre reported a decline of 5 points followed by Jalpaiguri and Faridabad 4 points each. Among others 6 centres registered a fall of 3 points, 11 centres registered a fall of 2 points and 13 centres registered a fall of 1 point. Rest of the 14 centres indices remained stationary.
The indices of 37 centres are above All-India Index and other 37 centres’ indices are below national average. The indices of Jabalpur, Bengaluru, Chandigarh and Haldiya remained at par with all-India index.
The next index of CPI-IW for the month of January, 2013 will be released on Thursday, February 28, 2013 and will be uploaded on the office website www.labourbureau.nic.in on the same day.