The Confederation of Central Government Employees and Workers has highlighted the disparity in the DA calculation method for government employees working in different departments.
For parents of babies who lived through the huge baby formula shortage of 2022, the memory of it is still raw. Pandemic-related supply chain shortages collided with a giant infant formula recall ...
4. Index Calculation: The current price of this basket is compared to its price in a base year to assess changes in price levels. The formula used for calculating annual CPI is: Annual CPI=(Value of ...
Keep in mind that the CPI doesn’t tell the entire story of inflation. The government revised the CPI formula in the 1990s so that it understates the actual rise in prices. Based on the formula used in ...