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Food Prices Drive Inflation for Agricultural and Rural Labourers Down in September

The Labour Bureau's revised 2019=100 index signals food-led disinflation across rural households.

Overview

  • Year-on-year inflation fell to -0.07% for agricultural labourers and 0.31% for rural labourers in September, down from 1.07% and 1.26% in August.
  • The CPI for Agricultural Labourers declined to 136.23 and the CPI for Rural Labourers to 136.42, slipping by 0.11 and 0.18 points from August.
  • Food inflation turned negative at -2.35% for agricultural labourers and -1.81% for rural labourers, with the Food Index dropping 0.47 and 0.58 points.
  • Indices are compiled from prices in 787 sample villages across 34 states and union territories using an updated methodology that includes revised weights and the geometric mean.
  • The rural readings align with subdued national price trends, as headline CPI stood at 1.54% in September and wholesale inflation eased to 0.13%.