Retail Inflation Eases for Farm and Rural Workers in October 2024
Retail inflation for agricultural and rural workers showed a decline in October 2024, easing to 5.96% for farm workers and 6% for rural labourers, down from 6.36% and 6.39% in September 2024. This shift represents a positive trend from the inflation rates of October 2023, where CPI-AL and CPI-RL were significantly higher. The latest data also highlights an increase in the Consumer Price Index (CPI) for both groups, signaling a slight rise in the overall cost of living for these workers, though inflation remains under control compared to last year.
CPI-AL (Agricultural Labourers): 1,315 points (up by 11 points from September 2024)
CPI-RL (Rural Labourers): 1,326 points (up by 10 points from September 2024)
CPI-AL Inflation: 5.96% in October 2024, compared to 7.08% in October 2023.
CPI-RL Inflation: 6.00% in October 2024, compared to 6.92% in October 2023.
September 2024 Inflation Rates: CPI-AL at 6.36% and CPI-RL at 6.39%.
The data highlights a steady reduction in inflation for both farm and rural labourers when compared to last year and the previous month, suggesting an overall improvement in the cost-of-living situation for these vulnerable worker groups.
| Why in News | Key Points |
|---|---|
| Retail Inflation Eases for Farm and Rural Workers (October 2024) | – CPI-AL Inflation (Agricultural Labourers): 5.96% in October 2024, down from 7.08% in October 2023. – CPI-RL Inflation (Rural Labourers): 6.00% in October 2024, down from 6.92% in October 2023. – CPI-AL: 1,315 points in October 2024 (up by 11 points from September 2024). – CPI-RL: 1,326 points in October 2024 (up by 10 points from September 2024). – September 2024 Inflation: CPI-AL at 6.36%, CPI-RL at 6.39%. |
| Important Data | – CPI (Consumer Price Index) for Agricultural Labourers and Rural Labourers: Increase of 11 and 10 points, respectively. |
| Year-on-Year Inflation Trends | – October 2024: CPI-AL at 5.96%, CPI-RL at 6.00%. – October 2023: CPI-AL at 7.08%, CPI-RL at 6.92%. |
| Inflation Comparison | – September 2024 vs. October 2024: Both CPI-AL and CPI-RL inflation rates decreased. |
India finished their Asian Games 2026 with a fourth place performance after achieving an impressive…
The India national men’s hockey team retained their Asian Games title by defeating Malaysia 5-1…
The Indian wrestler Aman Sehrawat clinched the gold medal in men’s 57kg freestyle wrestling during…
PM Narendra Modi’s monthly radio programme ‘Mann Ki Baat’ marked its 12-year anniversary on October…
World Animal Day to be celebrated on the 4th of October each year to make…
India secured gold in the men's cricket final of the Asian Games 2026 by beating…