AICPIN for May 2024 | DA Calculation Almost Concluded
AICPIN for May 2024: As per the advance release calendar issued by the Labour Bureau, the eagerly anticipated All India Consumer Price Index (AICPI) numbers for the month of May 2024 are scheduled to be officially unveiled on the 28th of June 2024. This critical data provides valuable insights into the inflation trends and cost of living adjustments that impact individuals, businesses, and policymakers alike.
AICPIN for May 2024 Press Release Expected Without Delay!
The eagerly awaited May 2024 AICPIN press release is expected to be unveiled promptly by the Labour Bureau, on the anticipated date of 28th June 2024. Following the recent release of the AICPIN data for the months of February, March, and April last month, which was delayed due to the election results, there is no definitive commitment for the release of May’s report. However, there is optimism that the Consumer Price Index for Industrial Workers (CPI-IW) based on the 2016=100 index will be published in a timely manner.
Check: Expected DA Calculator July 2024
All India Consumer Price Index AICPIN Chart 2024
| Month & Year | AICPIN |
| Jan-2024 | 138.9 |
| Feb-2024 | 139.2 |
| Mar-2024 | 138.9 |
| Apr-2024 | 139.4 |
| May-2024 | – |
CPI AL/RL – Monthly Index Letter AICPIN for May 2024
In May 2024, the All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) both showed a significant increase, each rising by 6 points. The CPI-AL reached a level of 1269, while the CPI-RL reached a level of 1281. These indexes serve as crucial indicators of the economic conditions affecting agricultural and rural laborers across India, reflecting changes in the cost of living and inflation rates in these sectors.
In the data report released for May 2024 on the All-India Consumer Price Index numbers for Agricultural and Rural Labourers, it was observed that the point-on-point inflation rate based on CPI-AL stood at 7.00% for the month, showing a slight deceleration from the previous month’s figure of 7.03% in April 2024. Conversely, the inflation rate based on CPI-RL saw a marginal increase, reaching 7.02% in May 2024 as compared to 6.96% in April 2024. When comparing these figures to the data from May 2023, it is evident that there has been an upward trend in inflation rates, with CPI-AL recorded at 5.99% and CPI-RL at 5.84%.
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