November 2017 AICPIN confirms 2% DA hike from January 2018
DA from January 2018 is set to increase by 2% which will take total DA to 7%. The Labour Bureau has released November AICPIN to day. According to this Press Release the AICPIN for Nov 2017 increased by 1 point and pegged at 288. Though December Month AICPIN is due to finalise the rate of Dearness Allowance from Jan 2018, it will not change the result of 11 Month CPI points . Because any increase or decrease within 8 points will give the same result… Check the Calculator
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 29th December, 2017
Consumer Price Index for Industrial Workers (CPI-IW) — November, 2017
The All-India CPI-IW for November, 2017 increased by 1 point and pegged at 288 (two hundred and eighty eight). On 1-month percentage change, it increased by (+) 0.35 per cent between October, 2017 and November, 2017 when compared with the decrease of (-) 0.36 per cent for the corresponding months of last year.
The maximum upward pressure to the change in current index came from Food group contributing (+) 1.10 percentage points to the total change. At item level, Wheat Atta, Eggs (Hen), Goat Meat, Milk (Cow), Onion, Tamarind, Bitter Gourd, Cabbage, Carrot, Coconut, Potato, Tomato, Cooking Gas, Electricity Charges, Firewood, Kerosene Oil, Private Tuition Fee, Petrol, Barber Charges, etc. are responsible for the increase in index. However, this increase was checked by Arhar Dal, Gram Dal, Masur Dal, Urd Dal, Groundnut Oil, Fish Fresh, Poultry (Chicken), Chillies Green, Garlic, Ginger, Brinjal, Cauliflower, French Bean, Green Coriander Leaves, Methi, Palak, Radish, Apple, Banana, etc., putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 3.97 per cent for November, 2017 as compared to 3.24 per cent for the previous month and 2.59 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 3.91 per cent against 2.26 per cent of the previous month and 1.66 per cent during the corresponding month of the previous year.
At centre level, Giridih reported the maximum increase of (7 points) followed by Salem and Puducherry (6 points each) and Rourkela, Sholapur, Mercara and Ghaziabad (5 points each). Among others, 4 points increase was observed in 5 centres, 3 points in 16 centres, 2 points in 13 centres and 1 point in 12 centres. On the contrary, Kolkata recorded a maximum decrease of 3 points followed by Munger-Jamalpur, Amritsar, Chandigarh and Doom Dooma Tinsukia (2 points each). Among others, 1 point decrease was observed in 7 centres. Rest of the 13 centres’ indices remained stationary.
The indices of 34 centres are above All-India Index and 42 centres’ indices are below national average. The indices of Vishakhapathnam and Ghaziabad centres remained at par with All-India Index.
The next issue of CPI-IW for the month of December, 2017 will be released on Wednesday, 31st January, 2018. The same will also be available on the office website www.labourbureaunew.gov.in.
Get Free Email Updates