7 % HIKE IN DA IS ASSURED WEF JUL 2011

ALL INDIA CONSUMER PRICE INDEX NUMBERS FOR INDUSTRIAL WORKERSON BASE 2001=100 FOR THE MONTH OF MAY, 2011

7 % HIKE IN DA IS ASSURED

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of May, 2011 increased by 1 point and stood at 187 (one hundred & eighty seven) .

During May, 2011, the index recorded increase of 8 points in Ludhiana centre, 6 points in Nasik centre, 5 points each in Giridih, Mundakkayam and Sholapur centres, 4 points in 3 centres, 3 points in 4 centres, 2 points in 14 centres and 1 point in 18 centres. The index decreased by 4 points in Rangapara Tezpur centre, 3 points in Ghaziabad centre, 2 points in Guwahati centre, 1 point in 10 centres, while in the remaining 21 centres the index remained stationary.

The maximum increase of 8 points in Ludhiana centre is mainly on account of increase in the prices of Arhar Dal, Masur Dal, Mustard Oil, Vanaspati Ghee, Milk, Chillies Dry, Electricity Charges, Toilet Soap, Washing Soap, etc. The increase of 6 points in Nasik centre is due to increase in the prices of Wheat, Bajra, Chillies Dry, Vegetable & Fruit items, Petrol, etc. The increase of 5 points in Giridih, Mundakkayam and Sholapur centres is due to increase in the prices of Rice, Jowar, Vegetable & Fruit items, Tea (Readymade), Firewood, Soft Coke, Hair Oil, Washing Soap, etc. The decrease of 4 points in Rangapara Tezpur centre is the outcome of decrease in the prices of Wheat Atta, Fish Fresh, Turmeric Powder, Garlic, Vegetable & Fruit items, Pan Leaf, etc. The decrease of 3 points in Ghaziabad centre is due to decrease in the prices of Wheat Atta, Onion, Vegetable & Fruit items, etc. The decrease of 2 points in Guwahati centre is due to decrease in the prices of Wheat Atta, Vegetable & Fruit items, Pan Leaf, etc.

The indices in respect of the six major centres are as follows :

1. Ahmedabad – 180
2. Bangalore – 192
3. Chennai – 166
4. Delhi – 172
5. Kolkata – 181
6. Mumbai – 186

The All-India (General) point to point rate of inflation for the month of May, 2011 is 8.72% as compared to 9.41% in April, 2011. Inflation based on Food Index is 7.61% in May, 2011 as compared to 8.24% in April, 2011.

Accordingly DA as on 31 May 2011 stands at 57.51 thus 58% DA is assured,however it may go up to 59% due to hike in Petro products last month

The CPI-IW for June, 2011 will be released on the last working day of the next month, i.e. 29th July, 2011.