AICPIN June 2024: July DA Calculation Update Details
AICPIN June 2024: Get ready for the eagerly awaited release of the AICPIN (All India Consumer Price Index Numbers) for June 2024! The Labour Bureau has announced that this crucial update will be made public on July 31, 2024, which falls on a Wednesday. You can catch all the details on their official website at labourbureau.gov.in.
Why is this important? The June 2024 figures are particularly crucial as they will influence the Dearness Allowance (DA) adjustments starting from July 2024 for various groups of Central Government employees, including pensioners, family pensioners, Army personnel, ex-servicemen, and railway staff.
This upcoming data release is especially significant as it follows the last set of monthly evaluations that concluded in December 2023, which pertained to the DA effective from January 1, 2024. With anticipation building, the forthcoming information will play a key role in shaping the calculations for the next Dearness Allowance based on this vital AICPIN data.
AICPIN June 2024: DA Hike for Government Employees
The Dearness Allowance, essential for mitigating the impact of inflation, is revised twice a year for both serving and retired employees of the central government—a practice that has been in place for quite a while! This allowance is meticulously calculated in two distinct stages: the first from January through June and the second from July to December, following a specific formula established by the 7th Pay Commission.
To clarify, the percentage for the first installment of the Dearness Allowance is determined through calculations made during the second half of the year, with recipients seeing this increase starting January 1st. Conversely, the percentage for the second installment is based on the first half of the year, with disbursements beginning on July 1st. This approach guarantees that employees receive a consistent and reliable adjustment to their salaries in response to changing economic conditions.
AICPIN June 2024 Table – Stylish & Functional Design
| M/Y | CPI BY-2001 | CPI BY-2016 |
| Jan-24 | 400 | 138.9 |
| Feb-24 | 401 | 139.2 |
| Mar-24 | 400 | 138.9 |
| Apr-24 | 401 | 139.4 |
| May-24 | 403 | 139.9 |
| Jun-24 |