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Tuesday, January 27, 2015

Revision of Consumer Price Index (CPI)


The new Consumer Price Index (CPI) has been changed with effect from 1/1/2015. The net effect will be felt when the CPI is calculated for the Jan 2015 in Feb 2015. The food and beverages has been reduced from 47.86 to 45.86 % , no weightage for rural housing and importantly the miscellaneous has been increased from 26.31 to 28.32 %. This will reduce the CPI and thereby the DA percentage will be also being affected marginally. 

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