DA from January 2015 will be 113% – AICPI-IW for November 2014
DA from January 2015 will be 113% as AICPI-IW for November 2014, remains at 253 for the 4th consecutive month
All India Consumer Price Index for Industrial Workers (AICPI-IW) is at 253 for the past 4 months from August 2014 to November 2014.
This trend is in line with Scenario 1 discussed in our earlier article on estimation of Central Government Employees DA from January 2015. While we have Actual AICPI for November 2014 now, which is exactly the same as in Scenario 1, even for increase of this index up to 262 in December 2014, DA from January 2015 will be 113%
Scenario 2 and Scenario 3 discussed in the previous article are unlikely as those were estimated on the basis of decreased and increased AICPI-IW respectively for the month of November 2014
Consequently, DA from January 2015 applicable to central government employees is estimated to be 113 %
Press release by Labour Bureau, for All India Consumer Price Index – Industrial Workers, November 2014
Consumer Price Index for Industrial Workers (CPI-1W) – November, 2014
The year-on-year inflation measured by monthly CPI-1W stood at 4.12 per cent for November, 2014 as compared to 4.98 per cent for the previous month and 11.47 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 2.56 per cent against 4.48 per cent of the previous month and 16.17 per cent during the corresponding month of the previous year.