AICPIN June 2024: July DA Calculation Update
AICPIN June 2024: The eagerly anticipated AICPIN (All India Consumer Price Index Numbers) for June 2024 is on the horizon, as indicated by the advance release schedule from the Labour Bureau. This vital information is set to be unveiled on July 31, 2024, a Wednesday, and can be found on the Labour Bureau’s official website at labourbureau.gov.in. The figures for June 2024 are crucial for determining the Dearness Allowance (DA) that will come into effect in July 2024 for various groups, including all Central Government employees, pensioners, family pensioners, Army personnel, ex-servicemen, as well as Railway staff and officers.
This announcement is especially significant since it follows the conclusion of the previous month’s data, which wrapped up in December 2023, relating to the Dearness Allowance that started from January 1, 2024. As anticipation mounts, the upcoming figures will be instrumental in calculating and finalizing the next round of Dearness Allowance based on this essential AICPIN data.
AICPIN June 2024: Hike in DA for Government Employees
The Dearness Allowance, an essential financial support designed to counteract inflation, is adjusted biannually for both current and retired central government staff—a tradition that has been upheld for quite some time! This allowance is carefully assessed in two separate phases: from January through June and from July to December, adhering to a specific formula established by the 7th Pay Commission.
To be more precise, the percentage for the first half of the Dearness Allowance is based on calculations from the July to December timeframe, with this increase beginning on January 1st for recipients. On the other hand, the percentage for the second half is derived from the January to June data and is distributed starting July 1st, ensuring that employees receive a steady and dependable adjustment to their pay in response to economic shifts.
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 |