The All India Consumer Price Index (AICPIN) for the month of March 2023 is a key factor in determining the Expected Dearness Allowance (DA) for central government employees. Based on this index, the government will calculate the DA for the upcoming months, including July 2023. This calculation is crucial for central government employees as it determines their salary and allowances, impacting their overall financial well-being. Therefore, it is important for employees to stay informed about the AICPIN and expected DA calculations to plan their finances accordingly.
The All India Consumer Price Index (AICPIN) is an important economic indicator that measures the change in the cost of living for households across India. The AICPIN for March 2023 is eagerly awaited by economists and policymakers alike, as it will have a direct impact on the calculation of the expected Dearness Allowance (DA) for central government employees and pensioners.
Based on current trends and projections, it is expected that the AICPIN for March 2023 will show a moderate increase compared to the previous month. This will result in a corresponding increase in the expected DA for July 2023, which is calculated based on the average AICPIN for the preceding six months. Central government employees and pensioners can therefore expect a slight boost in their salaries and pensions, which will help them cope with the rising cost of living.
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
Shram Bureau Bhawan, Block No. 2,
Institutional Area, Sector 38 (West),
Chandigarh — 160036
Dated: 28th April, 2023
Consumer Price Index for Industrial Workers (2016=100) – March 2023
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 March 2023 is being released in this press release.
The All-India CPI-IW for March 2023 increased by 0.6 points and stood at 133.3 (one hundred thirty-three point three). On 1-month percentage change, it increased by 0.45 per cent with respect to the previous month compared to an increase of 0.80 per cent recorded between corresponding months a year ago.