NewsIndiaInflation based on CPI for farm, rural laborers eases...

Inflation based on CPI for farm, rural laborers eases in December

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New Delhi (India): The inflation based on the Consumer Price Index for Agricultural Labourers (CPI-AL)has dipped to 3.25 percent while the Consumer Price Index for Rural Labourers (CPI-RL) dipped to 3.34 percent due to a decline in the price of certain food items.

“Point to point rate of inflation based on the CPI-AL and CPI-RL decreased to 3.25 percent and 3.34 percent in December 2020 from 6.00 percent and 5.86 percent respectively in November 2020. Inflation based on food index of CPI-AL and CPI-RL is at (+) 2.97 percent and (+) 2.96 percent respectively in December 2020,” the Labour Ministry said in a release.

Speaking about the latest index, Labour Minister Santosh said that inflation based on CPI-AL and RL “has dipped to 3.25 percent and 3.34 percent which is driven by lower food inflation mainly on account of decline in prices of pulses, onion, potato, cauliflower, brinjal, etc”

The release said amongst states, the maximum decrease in the Consumer Price Index Numbers for agricultural laborers and rural laborers was experienced by Gujarat and West Bengal (-20 points each) respectively mainly due to falling in the prices of gur, onion, chilies green, vegetables, and fruits, etc.

“On the contrary, the maximum increase in the Consumer Price Index Numbers for Agricultural Labourers and Rural Labourers was experienced by Meghalaya State (+2 points and +3 points respectively) mainly due to rise in the prices of pulses, mustard oil, fish dry, vegetables and fruits, firewood, plastic shoes, and bus fare, etc,” it added.

Director-General of Labour Bureau DPS Negi said that the decline in inflation will bring cheers to the millions of laborers working in rural areas as it will put a lesser burden on their pockets. 

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