Farm and rural workers get respite as inflation burden eases further in March

THE year-on-year inflation rates based on the all-India consumer price index for agricultural labourers (CPI-AL) and rural labourers (CPI-RL) for March this year eased to 3.73 per cent and 3.86 per cent, respectively compared to 7.15 per cent and 7.08 per cent in March 2024 bringing respite to poor households, according to figures released by the Ministry of Labour and Employment on Wednesday.

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The easing of the price spiral was also evident in comparison to the previous month of February when the corresponding figures stood at 4.05 per cent for CPI-AL and 4.1 per cent, 4.61 per cent for CPI-RL.

The inflation rate for agricultural and rural labourers has been steadily declining over the last six months. This comes as a welcome relief for these vulnerable segments that are hit hardest by the increasing prices. It also leaves more money in their hands to buy a wider range of goods, leading to a better lifestyle.