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Sunday, 16 December 2018

DA From January 2019 – 3% Or 4% Increase Expected

DA from January 2019 – Increase in Dearness Allowance for Central Government Employees with effect from January 2019 is estimated at 3% or 4% on the basis of actual Consumer Price Index for 10 months and projected CPI for 2 months

After All India Consumer Price Index  witnessed higher ever increase in July 2018 to the extent of 10 points, increase in Dearness Allowance for Central Government Employees and Pensioners from January 2019 was estimated to be not less than 3%.
Now, after release of CPI for the months from August 2018 to October 2018, we have updated this DA Estimation.
DA from January 2019Govt has released All India Consumer Price Index (Industrial workers) for the Month of October 2018 now. It could be seen that there is 1 point increase in CPI.
All India Consumer Price Index for October 2018 – 1 point increase
However, due to phenomenal increase in Consumer Price Index to the extent of 10 points in July 2018, still there are lot of chances for DA for Central Government Employees reaching 12% or 13% with effect from January 2019.
Historical data reveals that out of consumer price index for the period from 2005 to June 2018, highest monthly increase in the index was recorded in the month of July 2009 which was 7 Points.