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Retail inflation for farm, rural workers rise marginally in March

Retail inflation for farm, rural workers rise marginally in March
Image Source : PTI

Retail inflation for farm, rural workers rise marginally in March

Retail inflation for farm workers and rural labourers rose marginally to 2.78 per cent and a pair of.96 per cent in March, primarily resulting from increased costs of sure meals objects. Consumer Price Index-Agricultural Labourers (CPI-AL) and Consumer Price Index-Rural Labourers (CPI-RL) had stood at 2.67 per cent and a pair of.76 per cent, respectively, in February 2021.

“Point-to-point rate of inflation based on the CPI-AL and CPI-RL increased to 2.78 per cent and 2.96 per cent in March 2021 from 2.67 per cent and 2.76 per cent, respectively, in February 2021,” the labour ministry stated in an announcement.

It confirmed that CPI-AL and CPI-RL stood at 8.98 per cent and eight.69 per cent in March 2020.

According to the assertion, inflation based mostly on the meals index of CPI-AL and CPI-RL are at (+) 1.66 per cent and (+) 1.86 per cent, respectively, in March 2021.

The All-India CPI numbers for agricultural labourers and rural labourers for March 2021 decreased by 2 factors and 1 factors to face at 1,035 and 1,043 factors, respectively.

The CPI-AL and CPI-RL indices stood at 1,007 factors and 1,013 factors, respectively, in March 2020.

The main contribution in the direction of the autumn in the overall index of agricultural labourers and rural labourers got here from meals with (-) 3.69 factors and (-) 3.34 factors, respectively, primarily resulting from fall in costs of jowar, onion, chillies inexperienced, garlic, greens and fruits, the ministry acknowledged.

The fall or rise in the index assorted from state to state, it stated.

In the case of agricultural labourers, the index recorded a lower of 1-9 factors in 13 states and a rise of 1-8 factors in seven states.

Tamil Nadu, with 1,243 factors, topped the index desk; whereas Himachal Pradesh, with 814 factors, stood on the backside.

In the case of rural labourers, it recorded a lower of 1-8 factors in 12 states and a rise of 1-7 factors in eight states.

Tamil Nadu, with 1,229 factors, topped the index desk; whereas Bihar, with 839 factors, stood on the backside.

Among states, the utmost lower in the CPI numbers for agricultural labourers and rural labourers was skilled by Tamil Nadu (-9 factors and -8 factors, respectively), primarily resulting from fall in the costs of jowar, onion and greens and fruits.

On the opposite, the utmost improve in the CPI numbers for agricultural labourers and rural labourers was skilled by Tripura (+8 factors and +7 factors), primarily resulting from a rise in the costs of rice, mustard oil, greens and fruits, and kerosene oil.

In the assertion, Labour Minister Santosh Gangwar stated, “The decline in index (month-on-month) will benefit the millions of workers in rural areas, as it will put lesser burden on their daily budget.”

Labour Bureau Director General D P S Negi stated, “The decline in CPI-AL and -RL by 2 points and 1 point, respectively, is mainly impacted by a fall in the prices of essential items such as jowar, onion, chillies green, garlic, potato, brinjal, tomato, and ladyfinger.”

This index is utilised for revision of minimal wages in scheduled employments beneath the Minimum Wages Act 1948, revision of MGNREGA wages, fixation of minimal assist worth, revision of cooking value beneath the Mid-May Meal Scheme. 

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