Sunday, June 3, 2012

CPI-IW stands at 205 / DA from July 2012 to be 7%

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of April, 2012 increased by 4 points and stood at 205 (two hundred five). An increase by four points shows considerable price increase for essential items causing the burden for common man. It was in July 2011 the index raised by 4 points last time.

The point to point rate of inflation based on CPI-IW(General) for the month of April, 2012 is 10.22% as compared to 8.65% in March, 2012. Inflation based on Food Index attained the level of 10.66% in April, 2012 as compared to 8.16% in March, 2012. How ever even if the index raises considerably, the DA increment may not get changed. With four months CPI-IW available, its almost certain that the Dearness Allowance from July 2012 will stand at 72%, a hike of 7% from the current 65%

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