21-09-2023 02:23 PM | Source: Accord Fintech
Retail inflation for farm, rural workers surge in August

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Amid higher prices of food group, retail inflation for farm workers and rural labourers surged in the month of August 2023. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers increased by 9 points and 8 points respectively to stand at 1224 and 1234 points respectively in August.  

The major contribution towards the rise in general index of Agricultural Labourers and Rural Labourers came from food group to the extent of 8.38 and 7.69 points respectively mainly due to increase in prices of rice, wheat atta, pulses, milk, meat-goat, sugar, gur, chillies-dry, turmeric, garlic, onion, mixed spices, etc.

The rise in index varied from State to State. In case of Agricultural Labourers, it recorded an increase of 2 to 19 points in 20 States. Tamilnadu with 1423 points topped the index table whereas Himachal pradesh with 942 points stood at the bottom. In case of Rural Labourers, it recorded an increase of 2 to 18 points in 20 States. Andhra Pradesh with 1412 points topped the index table whereas Himachal pradesh with 1003 points stood at the bottom.

Amongst states, the maximum increase in the Consumer Price Index Numbers for Agricultural Labourers was experienced by Meghalaya (19 points) and for Rural Labourers by Gujarat and Meghalaya (18 points each) mainly due to rise in the prices of rice, pulses, beef, groundnut oil, onion, chillies green/dry, firewood, bus fare, etc.