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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