All-India CPI-IW for November, up by 0.8 points. 34% DA expected from January 2022



The All-India CPI-IW for November 2021 increased by 0.8 points and stood at 125.7 (one hundred twenty-five and point seven). On 1-month percentage change, it increased by 0.64 per cent with respect to the previous month compared to an increase of 0.33 per cent recorded between corresponding months a year ago.
The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month. The index for the month of November 2021 is being released in this press release.
The Dearness Allowance for Central Government Employees is computed based on the CPI-IW index's 12-month average. Now only the December month's CPI-IW is required for the calculation of the Dearness allowance beginning in January. one month's index is necessary. Based on this information the DA will be 34% in January 2022.

Comments

Popular posts from this blog

50% Dearness Allowance (DA) & Dearness Relief (DR) expected from Jan, 2024

India’s 8th Pay Commission: A Potential Windfall for Central Government Employees

September AI CPI-IW out. DA Expected to Cross 50% from January 2024