CPSU IDA from July 2022 increased by 2.5%

AICPIN for the month of May 2022 released–  calculate IDA from July 2022 

Consumer Price Index for Industrial Workers – CPI-IW published All India Consumer Price Index for May 2022. AICPIN data is used to calculate Dearness allowance for Central Government Employees and IDA for CPSU Employees. All India Consumer Price Index for Industrial Workers (BY 2016=100) for the month of May 2022 released by the Labour Bureau on 30.06.2022 (Thursday), the last working day of May month, by Labour Bureau, under Ministry of Labour and Employment.. The All-India CPI-IW for May, 2022 increased by 1.3 point and pegged at 129 (One hundred twenty-nine). Based on AICPIN for May 2022 we can calculate estimated DA or actual IDA from July 2022 calculate heremore accurately.

The AICPIN is very very important for employees working in central government, state government, CPSE, PSU, Banks, Defence forces Army, Navy, IAF, others etc, as the rate of dearness allowances are decided by it.

IDA FORMULA for PSU Employees

In order to calculate expected Industrial Dearness Allowance for PSU from July 2022 we need AICPIN average for last three months i.e March 2022, April 2022, May 2022.
Average AICPIN for last 3 months 367.4
Industrial Dearness Allowance %= {(Average of AICPI(Base year 2001=100) for the past 3 months - 277.33)/277.33}*100
32.5% IDA from July 2022 (2.5% increase from Apil 2022)

 

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