Inflation

How to Calculate Dearness Allowance 2024 – A Simple Formula

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DEARNESS ALLOWANCE 2024

Dearness Allowance (DA) is a salary element designed to offset inflation’s effect on employees’ buying power. It’s calculated using the average All India Consumer Price Index (AICPIN) for Industrial Workers over 12 months. DA calculation involves subtracting 90.76 from this average, multiplying by 100, and dividing by 90.76.

Understanding the Consumer Price Index: A Guide for Consumers

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The Consumer Price Index (CPI) is an important economic indicator that measures changes in the average prices of goods and services purchased by households over time. It is widely used by governments, businesses, and individuals to track inflation and make informed decisions. The CPI is calculated by collecting price data for a basket of goods … Read more