AICPIN for June 2022: Expected DA from July 2022 – 4%? | AICPIN June 2022
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 29 July, 2022
Consumer Price Index for Industrial Workers (2016=100) – June, 2022
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 succeeding month. The index for the month of June, 2022 is being released in this press release.
AICPIN for June 2022
The All-India CPI-IW for June, 2022 increased by 0.2 points and stood at 129.2 (one hundred twenty nine point two). On 1-month percentage change, it increased by 0.16 per cent with respect to previous month compared to an increase of 0.91 per cent recorded between corresponding months a year ago.
Also Read: Central Government Employees likely to get 4% DA hike from July 2022
The maximum upward pressure in current index came from Food & Beverages group contributing 0.20 percentage points to the total change. At item level Potato, Onion, Tomato, Cabbage, Apple, Banana, Coriander, Chilly Dry, Fish Fresh, Poultry Chicken, Vada, Idli Dosa, Cooked Meal, Cooking Gas, kerosene Oil, Electricity Domestic etc. are responsible for the rise in index. However, this increase was largely checked by Petrol for Vehicle, Rice, Mango, Chilli Green, Lemon, Lady Finger, Parwal, Pineapple, Soyabeen Oil, Sunflower Oil etc. putting downward pressure on the index.
At centre level, Puducherry recorded a maximum increase of 2.6 points followed by Amritsar and Tripura with 2.2 and 2.0 points respectively. Among others, 15 centres recorded increase between 1 to 1.9 points, 33 centres between 0.1 to 0.9 points. On the contrary, Sangrur recorded a maximum decrease of 2.4 points. Among others, 5 centers recorded decrease between 1 to 1.9 points, 25 centres between 0.1 to 0.9 points. Rest of 6 centres’ indices remained stationary.
Year-on-year inflation for the month stood at 6.16 per cent compared to 6.97 per cent for the previous month and 5.57 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.73 per cent against 7.92 per cent of the previous month and 5.61 per cent during the corresponding month a year ago.
Y-o-Y Inflation based on CPI-IW (Food and General)
CPI-IW: Groups Indices
The next issue of CPI-IW for the month of July, 2022 will be released on Wednesday, 31st August, 2022. The same will also be available on the office website www.labourbureaunew.gov.in.
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[…] Also Read: AICPIN for June 2022: Expected DA from July 2022 – 4%? […]
It gives rest to unnecessary rather nasty speculation like increase of DA to 39 or 40 %