AICPIN Plays Like Seesaw: See What Happens Next

The All India Consumer Price Index (A​ICPIN) holds significant importance in the computation of the Dearness Allowance. Published on a monthly basis by the central government, the CPI index has garnered considerable​ attention for various reasons. In order to gain a comprehensive understanding, let us delve into its intricacies.

DA Runs to Achieve 50%

The Dearness Allowance (DA) is expected to reach a significant milestone of 50% in the near future. This development has garnered increased attention towards the All India Consumer Price Index (AICPIN) points. Employees have always been delighted to receive additional payments for various reasons. Currently, there is a possibility of a double payment hike starting from January 2024. It remains to be seen how the AICPIN unfolds in​ this regard.

AICPIN Table Jul-Oct 2023

Substantial Surge in July 23 AICPIN

There has been a substantial surge in the AICPIN for the month of July 2023. The CPI index has witnessed a notable increase of 3.3 points, marking a significant milestone since 2016. As a direct consequence of this remarkable upswing, the Dearness Allowance (DA) has risen by 0.89% within a span of just one month. Consequently, the DA has escalated from its previous level of 46.23% to an updated rate of 47.12%.

Future Trajectory of AICPIN!

The future trajectory of the AICPIN remains uncertain. It is difficult to predict the current trend with accuracy. In the event that the AICPIN shows an upward movement, achieving a 50% result in DA should not pose any difficulties. However, if the AICPIN e​experiences a consecutive downtrend over two months, the​ DA percentage will stand at 49% instead.

Source: 7thpaycommissionnews.in