All-India CPI-IW for the month of November 2024 issued
The All-India Consumer Price Index for Industrial Workers (CPI-IW) for November 2024 remained unchanged at 144.5 points. This stability suggests a potential 3% increase in the existing rate, which may lead to a 56% Dearness Allowance (DA) and Dearness Relief (DR) for Central Government employees and pensioners, effective January 2025.
However, the future DA/DR adjustment hinges on the next month's CPI-IW index. Two possible scenarios emerge:
- If the CPI-IW index drops by 0.6 points or more, the DA/DR rate may decrease to 55% from January 2025.
- If the index increases or decreases by up to 0.5 points, the expected DA/DR rate will likely remain at 56%.
In summary, a minor decrease of 0.6 points in the next month's CPI-IW could lower the expected DA/DR rate to 55%. Conversely, any positive change in the CPI-IW index would likely confirm the DA/DR rate at 56% from January 2025.
Expected DA/DR from January 2025 on issue of All-India CPI-IW for November 2024Expected DA/DR table from JANUARY 2025 - PoToolsBlog.in |
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Increase/ Decrease Index |
Month | Base Year 2016 =100 |
Base Year 2001 = 100 |
Total of 12 Months |
Twelve monthly Average |
% increase over 115.76 for 6th CPC DA |
% increase over 261.42 for 7th CPC DA |
6th CPC DA announced or will be announced |
7th CPC DA announced or will be announced |
Existing DA/DR from Jul, 2024 | 246% | 53% | |||||||
1.3 | Jul,24 | 142.7 | 411 | 4820 | 401.67 | 246.98% | 53.65% | ||
-0.1 | Aug,24 | 142.6 | 411 | 4830 | 402.50 | 247.70% | 53.97% | ||
0.7 | Sep,24 | 143.3 | 413 | 4847 | 403.92 | 248.93% | 54.51% | ||
1.2 | Oct,24 | 144.5 | 416 | 4864 | 405.33 | 250.15% | 55.05% | ||
0 | Nov,24 | 144.5 | 416 | 4879 | 406.58 | 251.23% | 55.53% | ||
0 | Dec,24 | 144.5 | 416 | 4895 | 407.92 | 252.38% | 56.04% | Expected | |
Expected DA/DR from Jan, 2025 | 252% | 56% |
Senario-1 – If CPI-IW decreases to 0.6 point in next Month
0 | Nov,24 | 144.5 | 416 | 4879 | 406.58 | 251.23% | 55.53% | ||
-0.6 | Dec,24 | 143.9 | 414 | 4893 | 407.75 | 252.24% | 55.98% | Expected | |
Expected DA/DR from Jan, 2025 | 252% | 55% |
Senario-3 – If decrease in CPI-IW not less than 0.5 point in next month or any positive change
-0.5 | Dec,24 | 144.0 | 415 | 4894 | 407.83 | 252.31% | 56.01% | Expected | |
Expected DA/DR from Jan, 2025 | 252% | 56% |
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