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Retail inflation for farm, rural workers eases in December on lower food prices

Retail inflation for farm, rural workers eases in December on lower food prices
Image Source : PTI

Retail inflation for farm, rural workers eases in December on lower food prices

Retail inflation for farm and rural workers eased to three.25 per cent and three.34 per cent, respectively, in December, primarily attributable to lower prices of sure food objects. “Point to point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers and CPI-RL (rural labourers) decreased to 3.25 per cent and 3.34 per cent in December 2020 from 6 per cent and 5.86 per cent respectively in November 2020,” a labour ministry assertion mentioned.

According to the assertion, inflation primarily based on the food index of CPI-AL and CPI-RL is at (+) 2.97 per cent and (+) 2.96 per cent, respectively, in December 2020.

Among states, the utmost lower in the patron worth index numbers for agricultural labourers and rural workers was skilled by Gujarat and West Bengal (-20 factors every) primarily as a result of fall in prices of gur, onion, inexperienced chillies, greens and fruits and many others.

On the opposite, the utmost enhance in the patron worth index numbers for agricultural labourers and rural workers was skilled by Meghalaya (+2 factors and +3 factors, respectively) following the rise in prices of pulses, mustard oil, fish dry, greens and fruits, firewood, plastic sneakers and bus fare and many others.

The fall or rise in the index diversified from state to state. In the case of agricultural labourers, it recorded a lower of 1 to twenty factors in 18 states and a rise of 1 to 2 factors in two states.

Tamil Nadu with 1,253 factors topped the index desk whereas Himachal Pradesh with 823 factors stood on the backside.

In the case of rural workers, it recorded a lower of 1 to twenty factors in 18 states and a rise of 1 to three factors in two states.

Tamil Nadu with 1,236 factors topped the index desk, whereas Bihar with 870 factors stood on the backside.

The all-India client worth index numbers for agricultural labourers and rural workers for December 2020 decreased by 13 and 12 factors, respectively, to face at 1,047.

The main contribution in direction of the autumn in the overall index of agricultural labourers and rural workers got here from food with (-) 14.40 factors and (-) 13.73 factors, respectively, as prices of pulses, onion, potato, cauliflower, brinjal and many others declined.

“The inflation based on CPI-AL and RL has dipped to 3.25 per cent and 3.34 per cent which is driven by lower food inflation mainly on account of decline in prices of pulses, onion, potato, cauliflower, brinjal etc,” Labour Minister Santosh Gangwar mentioned in the assertion. 

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