This Consumer Price Index is calculated on the basis of the index price in 2001 is 100 and in July, 2010 it was 11.25%, in August 2010 it was 9.88% in September, 2010 the Consumer Price Index was 9.82%, and in October, 2010 it was 9.7%. This index rate is calculated on the basis of the price difference of essential things like Rice, Wheat Atta, Mustard Oil, Chillies , Clothing, Turmeric powder, vegetable, fish etc. etc.
The Indices in respect of the six major centers are as follows
1. Ahmedabad – 180
2. Bangalore - 183
3. Chennai – 165
4. Delhi – 168
5. Kolkata – 177
6. Mumbai – 182
The difference in consumer price index influences the cost of living. So the Dearness allowance etc. is calculated without the difference of price index. Dearness allowance (July and January) is calculated on the basis of averages consumer price index for the last six months.
As per the consumer price index the D.A calculation is as follows from July. 2010 to November, 2010
Months AICPIN DA%
July-10 178 46.35%
Aug-10 178 47.50%
Sep-10 179 48.66%
Oct-10 181 49.81%
Nov-10 182 50.81%
But this month the prices of essential commodities especially vegetables have increased a lot and the Consumer price index and D.A will be increased.
- 25 Paisa Coins will be vanished to history
- New Year Greetings From Investments and Money.com
- KYC is Mandatory for Mutual Fund Investors from 01st January, 2011