AICPIN June 2024: July DA Calculation Update
AICPIN June 2024: The much-anticipated AICPIN (All India Consumer Price Index Numbers) for June 2024 is on the horizon, as indicated by the Labour Bureau’s advance release schedule. Set to be unveiled on Wednesday, July 31, 2024, this essential data will be accessible through the Labour Bureau’s official website, labourbureau.gov.in. The AICPIN figures for June 2024 are pivotal in determining the Dearness Allowance (DA) that will be applicable to all categories of Central Government employees—this includes pensioners, family pensioners, Army personnel, ex-servicemen, Railway staff, and officers—starting from July 2024.
This upcoming release holds significant importance since it follows the completion of the previous reporting period, which wrapped up in December 2023, and relates to the Dearness Allowance that became effective on January 1, 2024. With excitement mounting, the impending data will play a crucial role in shaping the next installment of the Dearness Allowance, which will be calculated based on this vital AICPIN information.
AICPIN June 2024: Hike in DA for Government Employees
The Dearness Allowance, an essential financial support designed to cushion the effects of inflation, is adjusted biannually for both current and retired central government staff—a practice that has been established for quite some 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 elaborate, the percentage for the first installment of the Dearness Allowance is calculated based on data from the July to December timeframe, with payments commencing on January 1st. In contrast, the percentage for the second installment is derived from the January to June period and is disbursed starting July 1st. This ensures that employees receive a steady and dependable adjustment to their pay 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 |