The All-India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for the Month of March 2012 has been published and stands at 201 (two hundred one), an increase of two points from the previous month.
The indices in respect of the six major centres are as follows :
1. Ahmedabad – 201
2. Bangalore – 206
3. Chennai – 187
4. Delhi – 185
5. Kolkata – 190
6. Mumbai – 204
The point to point rate of inflation based on CPI-IW(General) for the month of March, 2012 is 8.65% as compared to 7.57% in February, 2012. Inflation based on Food Index attained the level of 8.16% in March, 2012 as compared to 5.08% in February, 2012.
The CPI - IW decides the dearness allowance to be declared for the government employees from July 2012. Based on the first three months index and incase the index remains constant at 201, the DA to be announced from July 2012 will be 71%, a hike of 6%. There are also chances that the index may come down owing to low inflation, that is less likely.
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