October 2018 AICPIN – Chances for 4 Percent DA hike from January 2019

AICPIN for October 2018 increased 1 point as per the Labour Bureau press release. As of now 3% DA hike is confirmed from 1st January 2019. But 2 point increase for the remaining two months ie November , December 2018 shall take the rate of DA to 13% from 1.1.2019 with 4 percent increase.[ Check the DA Calculator] The Press Release for AICPIN for October 2018 is given below

Consumer Price Index for Industrial Workers (CPI-IW) – October, 2018

The All-India CPI-IW for October, 2018 increased by 1 point and pegged at 302 (three hundred and two). On 1-month percentage change, it increased by (+) 0.33 per cent between September, 2018 and October, 2018 when compared with the increase of (+) 0.70 per cent for the corresponding months of last year.

The maximum upward pressure to the change in current index came from Food group contributing (+) 0.95 percentage points to the total change. At item level, Wheat, Wheat Atta, Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Cabbage, French Beans, Green Coriander Leaves, Lady Finger, Potato, Lemon, Tea (Readymade), Cooking Gas, Electricity Charges, Flowers/Flower Garlands, etc. are responsible for the increase in index. However, this increase was checked by Coconut Oil, Pure Ghee, Gourd, Palak, Pan Leaf, Quilt, Petrol, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 5.23 per cent for October, 2018 as compared to 5.61 per cent for the previous month and 3.24 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at (-) 0.95 percent against 0.00 per cent of the previous month and 2.26 percent during the corresponding month of the previous year.

At centre level, Munger-Jamalpur reported the maximum increase of (11 points) followed by Coimbatore, Surat and Ghaziabad (5 points each). Among others, 4 points increase was observed in 4 centres, 3 points in 8 centres, 2 points in 11 centres and 1 point in 24 centres. On the contrary, Nagpur recorded a maximum decrease of 5 points followed by Jalpaiguri (4 points). Among others, 2 points decrease was observed in 5 centres. Rest of the 20 centres indices remained stationary.

The indices of 37 centres are above All-India Index and 41 centres’ indices are below national average.

The next issue of CPI-IW for the month of November, 2018 will be released on Monday, 31st December, 2018. The same will also be available on the office website www.labourbureaunew.gov.in.

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