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LATEST NEWS UPDATES | Rural food prices continued to surge in April -AM Jigeesh

Rural food prices continued to surge in April -AM Jigeesh

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published Published on May 21, 2022   modified Modified on May 21, 2022

-The Hindu

CPI for agricultural and rural workers increased by 10 points each last month

Rising food prices spurred an increase by 10 points each in the all-India Consumer Price Index (CPI) for agricultural and rural labourers, respectively, last month, the Ministry of Labour and Employment said in a release on Saturday.

An increase in the prices of rice, wheat-atta, jowar, bajra, ragi, vegetables and fruits contributed the bulk of the spike in the two indices with April’s CPI-AL rising to 1108 points and the CPI-RL climbing to 1119. The food group contributed 7.32 and 7.13 points, respectively, to the 10 point jumps in the CPI-AL and CPI-RL.

The year-on-year inflation rate based on the CPI-AL quickened to 6.44% last month, from 6.09% in March and compared with the 2.66% pace in April 2021. In the case of the CPI-RL, the rate accelerated to 6.67%, from 6.33% in the preceding month and 2.94% in the year-earlier period.

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The Hindu, 21 May, 2022, https://www.thehindu.com/business/Economy/rural-food-prices-continued-to-surge-in-april/article65442931.ece?homepage=true
 

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