Retail inflation for farm workers rises to 6.85% in January
For farm and rural workers, the food inflation stood at 4.15 per cent and 4.33 per cent, respectively, in January last year. In January, the CPI-AL and CPI-RL increased by 3 and 2 points to stand at 1,170 and 1,181 points, respectively, compared to December last year.
Retail inflation for farm and rural workers rose to 6.85 per cent and 6.88 per cent, respectively, in January, mainly due to higher prices of certain food items.
The inflation readings for farm and rural workers stood at 6.38 per cent and 6.60 per cent, respectively, in December 2022.
In January last year, the inflation numbers for farm and rural workers was at 5.49 per cent and 5.74 per cent, respectively.
"Point to point rate of inflation based on the CPI-AL (Consumer Price Index Agricultural Labourers) and CPI-RL (Rural Labourers) stood at 6.85 per cent & 6.88 per cent in January 2023 compared to 6.38 per cent & 6.60 per cent, respectively in December 2022 and 5.49 per cent," the labour ministry said in a statement on Monday.
Food inflation rose to 6.61 per cent and 6.47 per cent, respectively, last month from 5.89 per cent and 5.76 per cent, respectively, in December 2022.
For farm and rural workers, the food inflation stood at 4.15 per cent and 4.33 per cent, respectively, in January last year.
Also Read- Funds deposited for NPS cannot be transferred to state governments: Centre
In January, the CPI-AL and CPI-RL increased by 3 and 2 points to stand at 1,170 and 1,181 points, respectively, compared to December last year.
Among the states, the maximum increase in the CPI-AL was in Andhra Pradesh, Karnataka, Rajasthan and Tamil Nadu and in the case of rural workers, the highest print was in Tamil Nadu. This was mainly on account of a rise in the prices of wheat-atta, jowar, bajra, onion, vegetables and fruits, and firewood.
On the contrary, the maximum decrease in the CPI-AL and CPI-RL was experienced in Assam, primarily due to a fall in the prices of rice, fish-fresh, chillies green, vegetables and fruits, among others.
The rise/fall in index varied from state to state.
In the case of agricultural labourers, it recorded an increase of 2 to 6 points in 14 states and a decrease of 1 to 12 points in 6 states. Tamil Nadu with 1,356 points topped the index table whereas Himachal Pradesh with 914 points stood at the bottom.
In case of rural labourers, there was an increase of 1 to 7 points in 13 states and a decrease of 1 to 12 points in 7 states. Tamil Nadu with 1,345 points topped the index and with 960 points, Himachal Pradesh stood at the bottom.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
09:50 PM IST