All India Consumer Price Index for the month of April 2018 released
AICPI (IW) – All India Consumer Price Index for April 2018 declared – One Point increase compared to previous Month
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 31st May, 2018
Consumer Price Index for Industrial Workers (CPI-IW) — April, 2018
The All-India CPI-IW for April, 2018 increased by 1 point and pegged at 288 (two hundred and eighty eight). On I-month percentage change, it increased by (+) 0.35 per .cent between March, 201,8 and April, 2018 when compared with the increase of (+) 0.73 per cent between the corresponding months of-previous year.
The maximum upward pressure to the change in current index came from Food group contributing (+) 1.01 percentage points to the total change. At item level, Rice, Groundnut Oil, Fish Fresh, Milk, Brinjal, Cabbage, Cauliflower, French Bean, Green Coriander Leaves, Lady Finger, Methi, Palak, Peas, Potato, Radish, Tomato, Apple, Coconut, Lemon, Mango (Ripe), Electricity Charges, Petrol, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was checked by Wheat, Gram Dal, Eggs (Hen), Pure Ghee, Chillies Green, Onion, Bitter Gourd, Gourd, Parval, Sugar, Flowers/Flower Garlands, etc., putting downward pressure on the index.
The year-on-year inflation based on CPI-IW stood at 3.97 per cent for April, 2018 as compared to 4.36 per cent for the previous month and 2.21 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.33 per cent against 1.68 per cent of the previous month and 0.67 per cent during the corresponding month of the previous year.
At centre level, Goa reported the maximum increase of 8 points followed by Giridih and Kodarma (5 points each). Among others, 4 points increase was observed in 5 centres, 3 points in 7 centres, 2 points in 14 centres and 1 point in 19 centres. On the contrary, Darjeeling and Rourkela recorded a maximum decrease of 4 points each followed by Ahmedabad and Amritsar (2 points each). Among others, 1 point decrease was observed in 9 centres, Rest of the 17 centres’ indices remained stationary.
The indices of 39 centres are above All-India Index and 38 centres’ indices are below national average. The index of Bengaluru centre remained at par with All-India Index.
The next issue of CPI-IW for the month of May, 2018 will be released on Friday, 29th June, 2018. The same will also be available on the office website www.labourbureaunew.gov.in.
(AMRIT LAL JANGID)
DA from July 2018 – 2% or 3% increase Expected – Estimated DA with effect from July 2018 will be 9% or 10% – Suggestion based on actual Consumer Price Index for 9 months and estimated CPI for 3 months.
Central Government Employees including Railway Employees, Defence Personnel and all Central Services and Defence Pensioners are paid dearness allowance at the rate of 7% with effect from January 2018.
Complete Details are available in the following link
How to Calculate Dearness Allowance for Central Government Employees after implementation of 7th Pay Commission? – Checkout below