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Retail inflation for agriculture and rural workers eased in February

24 Mar 2014 Evaluate

The inflation based on consumer price index (CPI) for agriculture and rural workers eased to 8.14 percent and 8.27 percent in February on y-o-y basis from 9.08 percent and 9.21 percent in January mainly driven by the decrease in prices of food items. Food inflation index of Consumer Price Index-Agriculture Labourers (CPI-AL) and Consumer Price Index-Rural Labourers (CPI-RL) were eased to 6.85 percent and 6.99 percent during the reported month.

India CPI-AL and CPI-RL for February, 2014 remained stationary at 757 points and 759 points respectively. The rise and fall in index varied from State to State. In case of Agricultural Labourers, the retail inflation index recorded an increase between 2 to 9 points in 11 States and a decrease between 1 to 9 points in 8 States. The index however, remained stationary in 1 State. Haryana with 843 points topped the index table whereas Himachal Pradesh with the index level of 623 points stood at the bottom. In case of Rural Labourers, it recorded an increase between 1 to 7 points in 12 States, and a decrease between 1 to 8 points in 8 States. Haryana with 836 points topped the index table whereas Himachal Pradesh State with the index level of 656 points stood at the bottom.

The inflation index for Agricultural and Rural workers in Rajasthan State registered the maximum increase of 9 points and 7 points respectively mainly due to increase in the prices of wheat, bajra, pulses, gingely oil, milk, ghee among others. On the other hand, Andhra Pradesh State registered the maximum decrease of 9 points and 8 points in inflation index for Agricultural and Rural Labourers driven by lower prices of rice, jowar, ragi, groundnut oil and onion among others.

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