6% DA hike from January 2015 – AICPI for Dec 2014 released

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

Month Actual AICPI-IW
Jan 2014 237
Feb-2014 238
Mar-2014 239
Apr-2014 242
May-2014 244
Jun-2014 246
Jul-2014 252
Aug-2014 253
Sep-2014 253
Oct-2014 253
Nov-2014 253
Dec- 2014 253

DA from January 2015

((237+238+240+242+244+246+252+253+253+253+253+253)/12) -115.76) *100 / 115.76
=113%

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.

Click here to read the previous article: Increase in DA from January 2015 – Estimated to be 6% of 5%

Click here to read the previous article: DA from January 2015 will be 113%

GConnect DA Calculator to estimate DA from January 2015

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Click here to read Press Release of Ministry of Labour and Employment dated 30.01.2015 for release of AICPI (IW) for January 2015

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