AICPIN June 2024: July DA Calculation Update: 3%+50%=53%
AICPIN June 2024: The much-anticipated AICPIN (All India Consumer Price Index Numbers) for June 2024 is on the verge of being unveiled, as indicated by the advance release schedule from the Labour Bureau. This vital information is scheduled to be published on Wednesday, July 31, 2024, and will be available on the Labour Bureau’s official website at labourbureau.gov.in. The June 2024 AICPIN statistics are crucial for determining the Dearness Allowance (DA) applicable from July 2024 for all segments of Central Government employees, including pensioners, family pensioners, Army personnel, ex-servicemen, and railway staff.
This announcement holds particular significance as it follows the conclusion of the previous month’s data cycle that wrapped up in December 2023, relating to the Dearness Allowance that was effective from January 1, 2024. With excitement mounting, the upcoming figures are set to shape the next DA adjustment, which will be derived from this essential AICPIN report.
AICPIN June 2024: Hike in DA for Government Employees
The Dearness Allowance, an essential financial support designed to combat the effects of inflation, is adjusted biannually for both current and retired central government employees, a tradition that has stood the test of time! This allowance is carefully computed in two separate phases: from January to June and from July to December, adhering to a specific formula set forth by the 7th Pay Commission.
To be precise, the percentage for the first installment of the Dearness Allowance is established through calculations carried out during the July to December timeframe, and beneficiaries begin receiving this increase from January 1st. On the other hand, the percentage for the second installment is based on calculations made between January and June, with payments commencing on July 1st. This ensures that employees enjoy a steady and dependable adjustment to their salaries in response to economic fluctuations.
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 |