AICPIN for June 2013, confirmed 90% DA from July 2013 and also indicates 7% minimum increase in Jan-2014

AICPIN for June 2013, confirmed 90% DA from July 2013 and also indicates 7% minimum increase in Jan-2014

All-India CPI-IW for June, 2013 rose by 3 points and pegged at 231 (two hundred and thirty eight) and expected Dearness Allowance due from July, 2013 is unchanged in respect of previous month expectation of 90% means 10% increase in present DA.  See following table:-

Increase/ Decrease Index Month Base Year 2001 = 100 Total of 12 Months Twelve monthly Average % increase over 115.76 for   DA DA announced or will be announced
1 Nov-12 218 2490 207.50 79.25% 80%
1 Dec-12 219 2512 209.33 80.83%
2 Jan-13 221 2535 211.25 82.49% 82%
2 Feb-13 223 2559 213.25 84.22% 84%
1 Mar-13 224 2582 215.17 85.87% 85%
2 Apr-13 226 2603 216.92 87.38% 87%
2 May-13 228 2625 218.75 88.97% 88%
3 Jun-13 228 2645 220.42 90.41% 90%
Jul-13 Expected DA from July-2013 90%

Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year.

This 3 point increase in June, 13 AICPIN has also confirmed minimum 7% increase in Dearness Allowance in Jan-2014.  Next two months’ AICPIN will give exact figure of expected DA.   This time calculation says that if no any increase occurred in next 6 months in AICPIN the 7% increase in expected DA of Jan-2014 is confirm.  See second table below:-

Increase/ Decrease Index Month Base Year 2001 = 100 Total of 12 Months Twelve monthly Average % increase over 115.76 for   DA DA announced or will be announced
2 May-13 228 2625 218.75 88.97% 88%
3 Jun-13 231 2648 220.67 90.62% 90%
0 Jul-13 231 2667 222.25 91.99% 91%
0 Aug-13 231 2684 223.67 93.22% 93%
0 Sep-13 231 2700 225.00 94.37% 94%
0 Oct-13 231 2714 226.17 95.38% 95%
0 Nov-13 231 2727 227.25 96.31% 96%
0 Dec-13 231 2739 228.25 97.18% 97%
Jan-14
Expected DA from Jan-2014
97%

Now the above table and growth trends in AICPIN and inflation also indicates 100% DA from Jan-2014 and 25% increase in allowance.

DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF 

Source: PIB via karnmk.blogspot.in/

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