21-11-2023 10:28 AM | Source: Accord Fintech
Retail inflation for agricultural labourers, rural workers marginally rise in October: Labour ministry

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The labour ministry has said retail inflation for agricultural labourers and rural workers rose marginally to 7.08 per cent and 6.92 per cent in October 2023, respectively, from 6.70 per cent and 6.55 per cent respectively in September 2023 due to higher prices of certain food items. Point to point rate of inflation based on CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) stood at 7.22 per cent and 7.34 per cent, respectively in October 2022.

Food inflation stood at 8.42 per cent and 8.18 per cent for CPI-AL and CPI-RL in October 2023 compared to 8.06 per cent and 7.73 per cent respectively in September 2023 and 7.05 per cent and 7.00 per cent respectively during the corresponding month of the previous year. The All India CPI-AL and CPI-RL for October 2023 increased by 15 points and 14 points respectively to stand at 1,241 points and 1,251 points respectively. CPI-AL and CPI-RL were 1,226 and 1,237 points respectively in September 2023.

According to It, the major contribution towards the rise in general index of Agricultural Labourers and Rural Labourers came from food group to the extent of 13.20 points and 12.48 points respectively mainly due to increase in prices of rice, wheat atta, pulses, vegetables, milk, onion, chillies (green), mixed spices etc. There has been an upward trend in the index across all the states. In the case of Agricultural Labourers, it recorded an increase of 1 to 10 points in five states, 11 to 20 points in 13 states and an increase of more than 20 points in two states.