Friday 31 October 2014

All-India CPI-IW for September, 2014 remained stationary at 253

No.5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
‘CLEREMONT’,  SHIMLA-171004:
Dated the 31st October, 2014
Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – September, 2014

The All-India CPI-IW for September, 2014 remained stationary at 253 (two hundred and fifty three). On 1-month percentage change, it remained stalic between August, 2014 and September, 2014 when compared with the rise of 0.42 per cent between the same two months a year ago.
                 The largest downward pressure to the change in current index came from Food group contributing (-) 1.04 percentage points to the total change. At item level, Fish Fresh, Poultry (Chicken), Chitlies Green, Ginger, Onion, Tomato, Brinal, French Beans, Lady’s Finger, Apple, Sugar, Medicine (Allopathie), Petrol, etc. are responsible for the decrease in index.

However, this decrease was restricted to sore extent by Rice, Wheat Atta, Arhar Dal, Potato, Cauliflower, Tea (Readymade), Snack Saltish, Bidi, Cigarette, Electricity Charges, Cinema Charges, Toilet Soap, Tailoring charges. etc.. putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.30 per cent tbr September, 2014 as compared to 6.75 per cent for the previous month and 10.70 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 6.46 per cent against 7.63 per cent of the previous month and 13.36 per cent during the corresponding month of the previous year.

At centre level, Goa reported a decrease of 10 points followed by Nagpur (5 points). Among others, 4 points fall was observed in 6 centres, 3 points in 4 centres, 2 points in 9 centres and 1 point in 19 centres. On the contrary, Tripura recorded the maximum increase of 6 points followed by Lucknow & Jalpaiguri (4 points each) and Rourkela & Rangapara-Tezpur (3 points each). Among others, 2 points rise was registered in 8 centres and 1 point in 12 centres. Rest of the 13 centres’ indices remained stationary.

The indices of 37 centres are above and other 41 centres’ indices are below national average.

The next index of CPI-IW for the month of October, 2014 will be released on Friday, 28 November. 2014.The same will also be available on the office website www.labourbureau.gov.in

sd/-
(S.S.NEGI)
Director

Wednesday 1 October 2014

EXPECTED DA RISE FROM JANUARY 2015 (1-1-2015) FOR CENTRAL GOVT. EMPLOYEES : Situation after declaration of AICPIN for August 2014.

FOR LATEST UPDATE, PLEASE CLICK THE FOLLOWING LINK
http://globalemployeesforum.blogspot.in/2014/11/expected-da-rise-from-january-2015-1-1.html 


 AICPIN for AUGUST  2014 is declared on 30-9-2014 which increases by 1   points and  pegged at 253 points.Thus with present scenario, the estimation of DA rise w.e.f. 1-1-2015 has been carried out with the help of  following cases:


CASE-I:  There is no change in AICPIN for next 4 months : 

         Let us assume that for next 4 months i.e. September 2014 to December 2014, the AICPIN neither rises nor declines and remains constant at 253 points for all these months. The calculation of DA rise in this case  indicates that, the DA rise would be 6% w.e.f. 1-1-2015.

CASE-II:  The AICPIN increases by one point every month for next 4 months:

The calculation of DA rise in this case indicates that the DA rise would be 7% w.e.f. 1-1-2015.


CASE-III:  The AICPIN increases by TWO points every month for next 4 months:

The calculation of DA rise in this case  indicates that the DA rise would be 7% w.e.f. 1-1-2015.


CASE-IV:  The AICPIN increases alternatively by TWO points  and ONE point every month for next 4 months: 

The calculation of DA rise in this case  indicates that the DA rise would be 7% w.e.f. 1-1-2015.


CASE-V:  The AICPIN increases alternatively by ONE points  and TWO points every month for next 4 months: 

The calculation of DA rise in this case  indicates that the DA rise would be 7% w.e.f. 1-1-2015.


CASE-VI:  The AICPIN increases  by ONE,TWO AND THREE  points  respectively  for FIRST 3 MONTHS and again by ONE   point  respectively for NEXT 1 MONTH:

Let AICPIN increases to 254 points for September 2014 and 256 points for October 2014, 259 points for November 2014 and 260 points for December 2014 .
The calculation of DA rise in this case  indicates that the DA rise would be 7% w.e.f. 1-1-2015.


CASE-VII:  The AICPIN increases by THREE points every month for next 4 months::

The calculation of DA rise in this case indicates that the DA rise would be 8% w.e.f. 1-1-2015.


CONCLUSION:  By analysing above different situations, we can conclude that minimum DA rise may be 6% and maximum 8% w.e.f. JANUARY 2015.   However effect of  decline in AICPIN is not considered at this stage.We will discuss the same also whenever such situation arises.

ALL INDIA CONSUMER PRICE INDEX FOR AUGUST 2014 INCREASES BY ONE POINT


No.5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
‘CLEREMONT’,  SHIMLA-171004:
Dated the 31st October, 2014
Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – September, 2014

The All-India CPI-IW for September, 2014 remained stationary at 253 (two hundred and fifty three). On 1-month percentage change, it remained stalic between August, 2014 and September, 2014 when compared with the rise of 0.42 per cent between the same two months a year ago.

The largest downward pressure to the change in current index came from Food group contributing (-) 1.04 percentage points to the total change. At item level, Fish Fresh, Poultry (Chicken), Chitlies Green, Ginger, Onion, Tomato, Brinal, French Beans, Lady’s Finger, Apple, Sugar, Medicine (Allopathie), Petrol, etc. are responsible for the decrease in index.

However, this decrease was restricted to sore extent by Rice, Wheat Atta, Arhar Dal, Potato, Cauliflower, Tea (Readymade), Snack Saltish, Bidi, Cigarette, Electricity Charges, Cinema Charges, Toilet Soap, Tailoring charges. etc.. putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.30 per cent tbr September, 2014 as compared to 6.75 per cent for the previous month and 10.70 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 6.46 per cent against 7.63 per cent of the previous month and 13.36 per cent during the corresponding month of the previous year.

At centre level, Goa reported a decrease of 10 points followed by Nagpur (5 points). Among others, 4 points fall was observed in 6 centres, 3 points in 4 centres, 2 points in 9 centres and 1 point in 19 centres. On the contrary, Tripura recorded the maximum increase of 6 points followed by Lucknow & Jalpaiguri (4 points each) and Rourkela & Rangapara-Tezpur (3 points each). Among others, 2 points rise was registered in 8 centres and 1 point in 12 centres. Rest of the 13 centres’ indices remained stationary.

The indices of 37 centres are above and other 41 centres’ indices are below national average.

The next index of CPI-IW fut the month of October, 2014 will be released on Friday, 28 November. 2014.

The sanie will also be available on the office website www.labourbureau.gov.in

sd/-
(S.S.NEGI)
Director

Source: Laobur Bureau