6% DA hike from January 2015 – All India Consumer Price Index (Industrial Workers) for December 2014 released.
With all 12 indices for calculating DA from January 2015 in hand now, DA from January 2015 confirmed to be 113%.
In the first week of Dec 2014 and Jan 2015 we estimated the likely Dearness Allowance payable to Central Government Employees, Railway Employees and Pensioners with effect from January 2015 as 113% based on the movement of All India Consumer Price Index (IW). This estimation is justified now as hike in DA from January 2015 is confirmed to be 6%
All India Consumer Price Index (Industrial Workers) for the period from January 2014 to December 2014
DA from January 2015
|((237+238+240+242+244+246+252+253+253+253+253+253)/12) -115.76) *100 / 115.76|
Significantly, AICPI (IW) did not move upwards or downwards for the past 5 months and remained flat since August 2014. Readers may recall Scenario 1 discussed in our earlier article published in the month of December 2014, which has come to reality now.
GConnect DA Calculator to estimate DA from January 2015