Labour Bureau, Government of India has announced the All India Consumer Price Index for Industrial workers (AICPI (IW)) for the month of December 2011 as 197. In the previous month (November-2011), AICPI (IW) was 199.
A summary of All India Consumer Price Index for Industrial workers for the months from January 2011 to December 2011 is given below.
Month | Jan 11 | Feb 11 | Mar 11 | Apr 11 | May 11 | Jun 11 | Jul 11 | Aug 11 | Sep 11 | Oct 11 | Nov 11 | Dec 11 |
AICPI | 188 | 185 | 185 | 186 | 187 | 189 | 193 | 194 | 197 | 198 | 199 | 197 |
We know that to estimate Dearness Allowance Rate applicable for central government employees, All India Consumer Price Index for Industrial workers (AICPI (IW)) for the previous 12 months are required. So, based on the AICPI (IW) for the months from Jan-2011 to Dec-2011 we can easily estimate the expected dearness allowance for the Central Government employees with effect from 1.1.2012 using the following formula.
Dearness Allowance = (Avg of AICPI for the past 12 months – 115.76)*100/115.76
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