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. |
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