There has been a loss in the Dearness Allowance (DA) of central employees for January. There has been a decline in the Consumer Price Index (CPI) data for this month. This will have an impact on half yearly growth. According to experts, DA will now increase in July, but index figures have started coming, which will affect the increase in allowance.
Former President of AG Office Brotherhood HS Tiwari said that there has been a decrease of 0.3 points in the January data of All India Consumer Price Index (AICPI). These figures have been taken by the Ministry of Labor and Employment on the basis of retail prices collected from 317 markets located in 88 industrially important centers of the country. The index has been prepared for 88 centers and across the country. According to Tiwari, AICPI is issued on the last working day of every month.
According to Tiwari, the All India CPI-IW for January, 2022 stood at 125.1 (one hundred and twenty five and one point) with a decrease of 0.3 points. However, if we look at the change of 1 month, it has come down by only 0.24 percent as compared to a decrease of 0.51 percent in the same period last year.
According to Tiwari, the year-on-year inflation stood at 5.84 per cent as compared to 5.56 per cent in the previous month and 3.15 per cent during the same month a year ago. Similarly, food inflation stood at 6.22 per cent against 5.93 per cent in the previous month and 2.38 per cent a year ago. Tiwari informed that the next issue of CPI-IW for February, 2022 will come on March 31, 2022.
According to Shyam Singh Negi, Deputy DG, Labor Ministry, the maximum downward pressure in the current index has come from the food and beverages group, which contributes 0.82 percentage points to the index. Fresh fish, mustard oil, apple, carrot, french bean, garlic, brinjal, cauliflower, okra, onion, peas, potato, radish, tomato etc. are responsible for the fall in the index. However, this shortfall was contained by house rent, rice, wheat, buffalo-milk, goat meat/mutton, orange, beet, dry chilli, cooked food etc., which put pressure on the index.