Retail Inflation For Farm, Rural Workers Eases In May

Retail inflation for farm workers and rural labourers eased to 5.99 per cent and 5.84 per cent, respectively, in May.

Point-to-point rate of inflation based on the CPI-AL (consumer price index-agricultural labourers and CPI-RL (rural labourers) stood at 6.50 per cent and 6.52 per cent respectively in April 2023 and 6.67 per cent and 7.00 per cent respectively during the corresponding month (May 2022) of the previous year, a labour bureau statement said.

It stated that food inflation stood at 6.31 per cent & 6.07 per cent in May 2023 compared to 6.67 per cent & 6.52 per cent respectively in April 2023 and 5.44 per cent & 5.51 per cent respectively during the corresponding month of the previous year.

The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for the month of May 2023 increased by 6 & 5 points to stand at 1186 points and 1197 points respectively.

The CPI-AL and CPI-RL were 1180 points and 1192 points respectively in April 2023.

The major contribution towards the rise in general index of Agricultural Labourers and Rural Labourers came from food group to the extent of 5.29 & 4.72 points respectively mainly due to increase in prices of rice, pulses, milk, meat goat, chillies dry, garlic, ginger, vegetables & fruits, etc.

The rise/fall in index varied from State to State. In case of Agricultural Labourers, it recorded an increase of 2 to 17 points in 11 States and a decrease of 1 to 5 points in 8 States while it remained stationary for Himachal Pradesh State.

Tamil Nadu with 1371 points topped the index table whereas Himachal Pradesh with 918 points stood at the bottom.

In the case of Rural Labourers, it recorded an increase of 1 to 17 points in 12 States and a decrease of 1 to 5 points in 7 States while it remained stationary for Kerala State.

Tamil Nadu with 1360 points topped the index table whereas Himachal Pradesh with 968 points stood at the bottom.

Amongst states, the maximum increase in the Consumer Price Index Numbers for both Agricultural Labourers and Rural Labourers was experienced by Andhra Pradesh State (17 points each) mainly due to rise in the prices of rice, jowar, ragi, pulses, green/dry chillies, onion, vegetables & fruits, etc.

On the contrary, the maximum decrease in the Consumer Price Index Numbers for Agricultural Labourers was experienced by Assam State and for Rural Labourers by Odisha State (5 points each) mainly due to fall in the prices of rice, ragi, mustard-oil, fish-fresh, onion, chillies green, etc.