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31 Jul, 2022 7:27a.m.

4% DA hike confirmed with June CPI IW. 38% Dearness Allowance from July 2022

4-da-hike-confirmed-with-june-cpi-iw-38-dearness-allowance-from-july-2022

The All-India Consumer Price Index for Industrial Workers (CPI-IW) for the month of June 2022 increased by 0.2 points and stood at 129.2. The figures were released by the Labour Bureau under the M/o Labour & Employment, responsible for compiling the CPI-IW every month on the basis of retail, prices collected from 317 markets spread over 88 industrially important centres in the country.

The AI CPI-IW data will serve as the basis for the Dearness Allowance rise for the central government employees. Dearness Allowance increases are one of the most-anticipated pieces of news for CG staff. The Dearness allowance beginning in July 2022 will be based on the CPI-IW indexes from July 2021 to June 2022.

The AI CPI-IW for the last twelve months are as given below

July 2021 122.8 January 2022 125.1
August 2021 123.0 February 2022 125.0
September 2021 123.3 March 2022 126.0
October 2021 124.9 April 2022 127.7
November 2021 125.7 May 2022 129.0
December 2021 125.4 June 2022 129.2

With this, we can calculate the Dearness Allowance from July 1, 2022. It is seen that the dearness allowance from July 2022 is 38%, a hike of 4%

For details on how the calculation, check out the page New DA calculation formula as per the AI CPI-IW series with base 2016

To know more about the CPI-IW visit page - Understanding the CPI-IW or Consumer Price Index for Industrial Workers

Also, the picture is becoming clear about the expected Dearness Allowance from January 2023. A further 4% hike can be expected in the DA from January 2023. Check out our calculator at 📈 Expected Dearness Allowance (DA) from January 2023 Calculator 




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