IGI Logo

The labour ministry has said that retail inflation for farm labour and rural workers rose marginally to 7.01 percent and 6.94 percent, respectively, in March compared to February this year, mainly due to higher prices of certain food items.

It mentioned ‘Point-to-point rate of inflation based on the CPI-AL (consumer price index-agricultural labourers) and CPI-RL (rural labourers) stood at 7.01 per cent & 6.94 per cent in March 2023 compared to 6.94 per cent & 6.87 per cent, respectively, in February 2023, and 6.09 per cent and 6.33 per cent respectively during the corresponding month (March 2022) of the previous year.’

Further, it stated that the food inflation stood at 7.12 per cent and 7.07 per cent in March 2023 compared to 6.82 per cent and 6.68 per cent, respectively, in February 2023 and 4.91 per cent and 4.88 per cent, respectively, during the corresponding month of the previous year.

The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for March 2023 increased by 4 points each to stand at 1,175 and 1,186 points, respectively. The CPI-AL and CPI-RL for February 2023 stood at 1,171 points and 1,182 points, respectively.