The ‘Expected Dearness Allowance’ for January 2024 is eagerly anticipated among Central Govt staff and retirees and is now almost confirmed by the All India Consumer Price Index (CPI-IW 2016) released for the month of October 2023. This upcoming tranche of additional DA is projected to be at least 4% starting from 1st January 2024.
Oct-23 AICPIN Increased 0.9 Points
Following the publication of the All India Consumer Price Index (CPI-IW BY-2016) for the month of October 2023, the ssubsequent stage of calculating Dearness Allowance (DA) and Dearness Relief (DR) was put into effect in accordance with the recommendations made by the 7th Pay Commission. This development instilled a sense of strong confidence, which we are pleased to convey to you through this article.
Based on the inflation data, the Consumer Price Index (CPI) has risen by 0.9 points compared to the previous level, reaching a value of 138.4. This increase reinforces the belief that the Dearness Allowance (DA) is likely to reach a milestone of 50% by January 2024.
Expected DA Jan-2024 Calculation
The calculation for Expected Dearness Allowance (DA) for January 2024 has been moved to next level. This fourth stage of calculation provides further insight into the calculation of DA for October 2023. Please refer to the table below for a clearer understanding of the calculation.
| Month Year |
CPI(IW)2016 | CPI(IW)2001 | 12 Months Total |
12 Months Average |
Increased Over 261.42 |
DA% |
| Jul-23 | 139.7 | 402 | 4616 | 384.67 | 0.47 | 47.15 |
| Aug-23 | 139.2 | 401 | 4642 | 386.83 | 0.48 | 47.97 |
| Sep-23 | 137.5 | 396 | 4660 | 388.32 | 0.49 | 48.54 |
| Oct-23 | 138.4 | 399 | 4677 | 389.74 | 0.49 | 49.08 |
AICPIN Trends in Nov & Dec 23
The AICPIN trends observed in November and December 2023 are anticipated to show a positive trajectory. It is hoped that the Consumer Price Index will remain at or exceed 138 in the coming months. Even a slight increase in the AICPIN points above 138 will undoubtedly result in the Dearness Allowance surpassing the 50% mark. As a result, Central Government employees, pensioners, family pensioners, as well as retired and service Armed Forces Personnel, are eagerly awaiting the announcement of the Dearness Allowance effective from January 2024.
Expected DA Jan-24 Calculator
We offer a convenient online calculator to estimate the potentail Dearness Allowance (DA) rate for active and retired employees of the Central Government, effective from January 2024. By accessing the provided link and entering the Consumer Price Index (CPI) for the relevant months, you can obtain the projected DA percentage for January 2024.
Source: 7thpaycommissionnews.in
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