AICPIN June 2024: July DA Calculation Results
AICPIN June 2024: The All India Consumer Price Index Numbers (AICPIN) for June 2024 are set to be released, with an official announcement scheduled for July 31st, 2024, which falls on a Wednesday. This significant release, as outlined in the advance release calendar put forth by the Labour Bureau, will be made available on their official website at labourbureau.gov.in. The AICPIN data for June 2024 holds considerable importance as it plays a crucial role in determining the Dearness Allowance that will be effective from July 2024.
This adjustment will impact a wide range of individuals, including all groups of Central Government employees, pensioners, family pensioners, and even Army Personnel, as well as Ex-Servicemen and Railway staff and officers. It’s worth noting that the previous tenure for the Dearness Allowance concluded in December 2023, setting the stage for the upcoming adjustments that will be based on the newly released data. As such, everyone eagerly awaits the implications of the AICPIN June 2024 figures, which will be instrumental in determining the next installment of Dearness Allowance scheduled to take effect from July 1st, 2024, ensuring that employees and pensioners alike receive the financial adjustments necessary to keep pace with inflation.
AICPIN June 2024: Hike in DA for Government Employees
The Dearness Allowance, a vital financial support mechanism designed to help existing and retired central government employees cope with the rising cost of living, is being hiked once every six months—a practice that has been in place for a significant period of time. This adjustment is calculated based on specific periods, namely from January to June and from July to December, following a formula that was meticulously prescribed by the esteemed 7th Pay Commission.
Consequently, the exact percentage of the first installment of the Dearness Allowance is determined during the July to December period and is then disbursed starting from the first day of January. In a similar manner, the precise percentage for the second installment is calculated during the January to June timeframe and is subsequently provided to employees from the first of July, ensuring that government staff receive timely adjustments in their allowances to better align with inflationary trends and economic conditions.
AICPIN June 2024 Table
| 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 |