Expected DA from January 2017

Expected DA from January 2017

Comrades,
The whole sale price index for the month of December has risen by 3.39%, which declined in past three months, this increase is due to manufacturing price increase (oil prices has increased), the food prices had in fact has come down in December 2016 .

The Consumer Price Index (CPI) was showing marginal decline from 278 points to 277 points in November 2016 , the DA stood at 4.76% as on November 2016, most likely the CPI may show increase of 1 point and may rise to 278 points in December 2016 or stay stable at 277 points.

Scenario I: If the CPI for the month of December 2016 is at 276 points(decrease on one point), the expected DA from January 2017 is likely at 2% (Total 4.97 %).

Scenario II: Even if the CPI for the month of December 2016 is at 277 points, the expected DA from January 2017 is likely at 3% (Total 5%).

Scenario III: If the CPI for the month of December 2016 is at 278 points, the expected DA from January 2017 is likely at 3% (Total 5.04 % ).

Comradely yours

(P.S.Prasad)
General Secretary