Friday, December 1, 2023

AICPIN for October 2023: Expected DA from Jan 2024


Consumer Price Index for Industrial Workers (2016=100) - October, 2023

The All-India CPI-IW for October,2023 increased by 0.9 points and stood at 138.4 (one hundred thirty eight point four). On l-month percentage change, it increased by 0.65 per cent with respect to previous month compared to increase of 0.91 per cent recorded between corresponding months a year ago.

The Dearness Allowance (DA) will reach 50% even if there is no change in the Consumer Price Index for Industrial Workers (CPI(IW)) for the months of November and December 2023. However, if the CPI(IW) increases, the DA will increase proportionally.