As per the recently issued Press Release of Consumer Price Index for Industrial Workers for December 2014 on 30th January, 2015 the All-India CPI-IW for December, 2014 remained stationary at 253 (two hundred and fifty three). On 1-month percentage change, it remained static between November, 2014 and December, 2014 when compared with the decrease of (-) 1.65 per cent between the same two months a year ago.
From last 5 Months AICPIN Index value by Consumer Price Index Numbers for Industrial Workers of India is stand at the point "253" i.e. from August-14 to December-14. As per the Index AICPIN Value the Additional Dearness Allowance will be hike by 6% from January-2015 i.e. 113%. This is 1% less than the previous hike of additional Dearness Allowance from July-2014. The total Additional Dearness Allowance from Jan., 2015 will become 113% confirmed.
How Dearness Allowance is calculated ?
Month Year / CPI(IW) BY 2001=100 / Total / Average / App. DA / DA%
First
is the month and year. Then the CPI (IW) Base Year 2001=100 and the
relevant data. In the next column, you have the sum total of all the 12
months, i.e., the total of the declared AIPCIN numbers for the past 12
months. Next comes the division of the sum total by 12.
The next step is the most crucial one. You will have to find out by how much it exceeds 115.76. You will have to calculate the excess as percentage of 115.76.
(12 Monthly Average) – 115.76
-------------------------------------- X 100 = Percentage increase in prices
115.76
From last 5 Months AICPIN Index value by Consumer Price Index Numbers for Industrial Workers of India is stand at the point "253" i.e. from August-14 to December-14. As per the Index AICPIN Value the Additional Dearness Allowance will be hike by 6% from January-2015 i.e. 113%. This is 1% less than the previous hike of additional Dearness Allowance from July-2014. The total Additional Dearness Allowance from Jan., 2015 will become 113% confirmed.
How Dearness Allowance is calculated ?
Month Year / CPI(IW) BY 2001=100 / Total / Average / App. DA / DA%
First
is the month and year. Then the CPI (IW) Base Year 2001=100 and the
relevant data. In the next column, you have the sum total of all the 12
months, i.e., the total of the declared AIPCIN numbers for the past 12
months. Next comes the division of the sum total by 12.The next step is the most crucial one. You will have to find out by how much it exceeds 115.76. You will have to calculate the excess as percentage of 115.76.
(12 Monthly Average) – 115.76
-------------------------------------- X 100 = Percentage increase in prices
115.76
