The August 2023 Consumer Price Index for Industrial Workers (CPI-IW) dropped by 0.5 points to 139.2. This suggests an expected 5% rise in Dearness Allowance/Dearness Relief (DA/DR) from January 2024 for Central Govt.
Employees and Pensioners, potentially reaching 51% in 7th CPC DA/DR. A 46% DA/DR increase from July 2023 awaits cabinet approval. Official announcements are awaited. Inflation for August was 6.91%, down from 7.54% in the previous month. Food inflation was 10.06% in August.