AICPIN for August 2014 – DA from January 2015

AICPIN for August 2014 – DA from January 2015

AICPIN for the month of September, 2014 will be released on Friday. 31 October. 2014

It is estimated in our previous article about “Expected Dearness Allowance from January 2015“ that DA hike from January 2015 will range from 6% to 9% . It was estimated by assuming different pattern of increase in AICPIN for remaining five months. But this month AICPIN point shows that the expected DA from January 2015 will range from 6% to 7% .  

Consumer Price Index for Industrial Workers (CPI-IW) – August, 2014

No. 5/1/2014- CPI
GOVERNMINT OF INDIA
MINISTRY OF LABOUR & FMPLOYMFNT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004
DATED: the 30th September, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – August, 2014

The All-India CPI-IW for August, 2014 increased by 1 point and pegged at 253 (two hundred and fifty three) . On 1-month percentage change,it increased by 0.40 per cent between July, 2014 and August, 2014 when compared with the rise of 0.85 per cent between the same two months a year ago.

The largest upward pressure to the change in current index carne from Food group contributing 1.03 percentage points to the total change. At item level, Wheat. Pulses, Milk, Chillies-green, Potato, Tomato, Green vegetables & fruits, Tea (Readymade), Snack Saltish, Bidi. Chewing tobacco, Pan finished, Fire wood. Doctor’s fee, Cable charges. Auto rickshaw & Bus Fare, Flower/Flower garlands, Toiletries, Tailoring charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Eggs (lien). Fish Fresh. Poultry (Chicken), Ginger, Sugar. Electricity Charges, Medicine (Allopathie), Petrol, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-1W stood at 6.75 per cent for August, 2014 as compared to 7.23 per cent for the previous month and 10.75 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.63 per cent against 8.11 per cent of the previous month and 13.91 per cent during the corresponding month of the previous year.

At Centre level Nasik and Vadodara recorded the maximum increase of 8 points each followed by Chhindwara (7 points) and SuraL (6 points). Among others, 5 points rise was observed iii 4 centres. 4 points in 5 centres, 3 points in 7 centres. 2 points in 15 centres and 1 point in 16 centres. On the contrary, Goa reported a decrease of 8 points followed by Mysore (4 points). Among others, 3 points fall was observed in 3 centres, 2 points in 5 centres and 1 point in 6 centres. Rest of the 11 centres’ indices remained stationary.

The indices of 39 centres are above and other 39 centres are below national average.

The next index of CPI-IW for the month of September, 2014 will be released on Friday. 31 October. 2014. The same will also be available on the office website www.Iabourbureau.gov.in.

Sd/-
S.S.NEGI
DIR ECTOR