The All India Consumer Price Index Numbers (AICPIN) for May 2024 plays a vital role in calculating the Dearness Allowance (DA) for Central Government employees, pensioners, and family pensioners. The 7th pay commission has outlined a specific formula that relies heavily on the AICPIN.
The government announces DA increments twice a year, on January 1st and July 1st. The DA percentage is calculated until June and applies from July to December, while the December calculation determines the DA percentage for the following year's January to June period.
To understand the DA computation process, we'll explore the monthly AICPIN variations and their direct impact on the final figures.
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All India Consumer Price Index Points Table 2024
Month | AICPIN-2016 |
Jan-24 | 138.9 |
Feb-24 | 139.2 |
Mar-24 | 138.9 |
Apr-24 | 139.4 |
May-24 | |
Jun-24 |
All India Consumer Price Index Points Table 2023
Period | CPI-2016 |
January 2023 | 132.8 |
February 2023 | 132.7 |
March 2023 | 133.3 |
April 2023 | 134.2 |
May 2023 | 134.7 |
June 2023 | 136.4 |
July 2023 | 139.7 |
August 2023 | 139.2 |
September 2023 | 137.5 |
October 2023 | 138.4 |
November 2023 | 139.1 |
December 2023 | 138.8 |
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