01 Apr, 2014 7:47a.m.

AI-CPI IW for February at 238, up by 1 point. 6% DA hike likely from July 2014

All-India Consumer Price Index Numbers For Industrial Workers (CPI-IW) for February, 2014 has been announced and now stands at 238, an increase by one point over the last month. The increase comes after a downward trend in the last two months. In November 2013 the index was 243, which came down by 4 points in December to 239 and further by two points in January 2014 to reach 237.

It is too early to speculate about the the dearness allowance hike from July 2014. The hike can be approximately 6%, making the DA at 106% from July 2014.



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