The All-India Consumer Price Index for Industrial Workers increased by 1.7 points for April 2022 and stood at 127.7. On 1-month percentage change, it increased by 1.35 per cent with respect to the previous month (March), compared to an increase of 0.42 per cent recorded between the corresponding months a year ago.
Similarly, the year-on-year inflation for the month stood at 6.33 per cent compared to 5.35 per cent for the previous month and 5.14 per cent during the corresponding month a year before while the food inflation stood at 7.05 per cent against 6.27 per cent of the previous month and 4.78 per cent during the corresponding month a year ago.
Now, as the AICP Index is taken as a crucial factor in determining the Dearness Allowance (DA), the recent rise in the index (for the month of April) has increased the probability of hike in the DA of the central government employees who are eagerly waiting for an announcement for the same.
Meanwhile, the buzz is already there that the Narendra Modi government may come up with the good news for the lakhs of employees in July. And, If the latest media reports are to be believed, there could be a 5 per cent hike in DA.
A 5 per cent DA hike will take the total DA of the employees to 39 per cent.
As the Dearness Allowance of Central government employees is revised twice a year, the first increase in DA for the year 2022 was announced in March. The AICPI index figure for March stand at 126.