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. |
Dhar has been selected for the Safe Cities Project 2026 and it marks the major…
The Athletics Integrity Unit (AIU) have upgraded the India to the Category A. This category…
Education has a long and rich history. Some universities in the world were built hundreds…
The Archaeological Survey of India (ASI) has started the important conservation operation at the Konark…
River islands are special landforms that form inside rivers when soil, sand, and small rocks…
UK Parliament has approved the Tobacco and Vapes Bill which will permanently ban the individuals…