Expected DA from February 2023 for Banker -though All-India CPI-IW for November 2022 remains unchanged at 132.5

AICPIN for November 2022: Expected DA from Jan 2023

All-India CPI-IW for November 2022 remains unchanged at 132.5 (one hundred thirty two point five) when compared to October 2022

The Labour Bureau, an attached office of the Ministry Labour and Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month.

The All-India CPI-IW for November, 2022 remained stationary at 132.5 (one hundred thirty two point five). On 1-month percentage change, it remained static between October, 2022 and November, 2022 when compared to an increase of 0.64 per cent recorded between corresponding months a year ago

1. On assumptions if there is an increase of  0.90 points in the month of Dec'22. However, there is on going regular rise in prices of commonly required daily needs items / commodities which is making month over month difficult to manage family budget. Accordingly, on above conservative assumption, we may expect there would be an increase of 38 slabs and the total tentatively revised DA slabs would be 594 i.e. 441.58% from Feb'23 in terms of 11th BPS.
2. On assumptions if there is an increase of 0.50 point of CPI in the month of Dec'22. On the basis of these assumption, we may expect there would be an increase of 36 slabs and the total tentatively revised DA slabs would be 592 i.e. 41.44% from Feb'23 in terms of 11th BPS.
3. On assumptions if there is an increase of 0.0 point in the month of Dec'22 also i.e same as in this month. On the basis of this assumption, we may expect there would be an increase of 33 slabs and the total tentatively revised DA slabs would be 589 i.e. 41.23% from Feb'23 in terms of 11th BPS