Will AICPIN for March 2024 be released while February 2024 AICPIN is still pending?

Delay in February 2024 AICPIN

As of now, the Labour Bureau has not released the AICPIN (All India Consumer Price Index for Industrial Workers) for February 2024, which was scheduled to be published on March 28th, 2024.

Now The AICPIN for March 2024 also to be released in the end of April 2024

Uncertainty over Release of AICPIN for March 2024

The delay in publishing the Consumer Price Index for Industrial Workers (CPI-IW) data for February 2024 by the Labour Bureau has caused significant concern among employees, particularly those working in the Central Government and Public Sector Units. This data is crucial for calculating Dearness Allowance (DA) and Industrial Dearness Allowance (IDA), which directly impact employees’ earnings.

The lack of explanation from the Department regarding the delay has left many employees uncertain about their future financial situation.

Calculate Expected DA from July 2024

As of April 28th, the CPI-IW data for February 2024 is still awaited, which has hindered the calculation of IDA increase to be paid from April 1st, 2024. The delay in releasing this data has put the process of determining the expected IDA increase on hold. The Employees Federations shall take up this matter to the Government to direct the the Labour Bureau to release the necessary Price Index numbers.

Inflation Indicators will affect Election Gains ?

Sources said the Central Government may have instructed the Labor Bureau not to release the AICPIN -IW as inflation indicators could affect election gains

In summary, the delay in publishing the CPI-IW data has created uncertainty regarding employees’ future earnings, particularly in terms of DA and IDA.