Retail Inflation for farm workers and rural labourers declines in August

Inflation for farm workers: Inflation rates for farm workers and rural labourers pretty much remained in a downward motion during August 2024. inflation rate of farm workers decreased to 5.96 percent, while that of rural labourers declined to 6.08 percent. same as July figures of 6.17 percent for farm workers and 6.20 percent for rural labourers, it shows an easy swing of ecomic cycle for se groups.

In August, both All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) rose 7 points. CPI-AL stood at 1297 points while CPI-RL at 1309 points. To illustrate, in July, CPI-AL was at 1290 points and CPI-RL at 1302 points. se indices express changes in levels of prices and cost of living confronting se workers.

In fact, inflation rates decline compared to same period last year. For August 2023, inflation rates for CPI-AL and CPI-RL stand at 7.37 percent and 7.12 percent, respectively. August 2024 shows latest numbers of 5.96 percent and 6.08 percent, evidencing a relaxation in pressure on household budgets of agricultural and rural labourers and very relieving in view of persistent ecomic distress.

re are many reasons for declining rates of inflation, such as seasonal fluctuations in agricultural output and price changes in necessary commodities. This shift is also well-suited for working force in agricultural sector, since it would correspondingly le to increased purchasing power and stability in rural ecomy.

statement quoted labour ministry that pointed out fact that inflation figures might go down furr and that furr reduction of inflation would promote better conditions for life in farm labourers and rural labourers. This is good news for many families dependent on agriculture, and it will provide a better environment as sowing season approaches.