This news will make you delighted if you or any member of your household works for the central government. The Dearness Allowance will see a significant hike in the month of July. According to the AICPI index statistics for the month of May, it is obvious that DA Hike will win your heart this time.
Huge Jump in AICPI Index
After February, it is absolutely anticipated that DA will climb by at least 6% in July. There was a significant increase in the May AICPI index after April. It now stands at 129 points after rising this time by 1.3 points. Only June's figure has not yet been released. There will inevitably be a 6 percent increase in DA if the AICPI hits the level of the index in June.
The AICPI index was 125.1 in January 2022 before dropping to 125 in February. After the February figures were released, the central staff members were shocked. It was not anticipated that this number would raise his DA.
However, this number quickly rose after that, and now that it reached 129 points in May, the path has been opened for an increase in DA.
It had previously risen by 1 point from February to March to reach 126 points. After that, it grew by 1.7 points in April, reaching 127.7. In a similar vein, it grew once more in May, with the number rising by 1.3 points to 129. Now, it's anticipated to surpass 130 in June. 6 percent DA will undoubtedly rise in such a circumstance.
In the event that DA increases by 6%, it will rise to 40%. The government currently provides a dearness allowance of 34% to central employees. There will be a big increase in pay with DA at 40%.
On the basis of the AICPI index, the dearness allowance for central personnel is estimated. The Labor Ministry makes the All-India Consumer Price Index (AICPI) data public. For 88 centres and the entire nation, the index has been created. Every month on the last working day, AICPI is made available.
