Latest news with #CPI-AL
Hans India
6 hours ago
- Business
- Hans India
Inflation eases further in May for India's farm and rural workers
New Delhi: 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 May this year declined to 2.84 per cent and 2.97 per cent, respectively, compared to 7 per cent and 7.02 per cent in the same month of the previous year, bringing respite to poor households, figures released by the Ministry of Labour & Employment on Friday showed. The inflation rate has also come down on a month-to-month basis, as corresponding figures for April 2025 stood at 3.48 per cent for CPI-AL and 3.53 per cent for CPI-RL. The inflation rate for agricultural and rural labourers has been steadily declining over the last seven months. This comes as a welcome relief for these vulnerable segments that are hit hardest by spiralling prices. It also leaves more money in their hands to buy a wider range of goods, leading to a better lifestyle. The decline in inflation for farm and rural workers has also come in the backdrop of a fall in the country's overall inflation based on the Consumer Price Index (CPI) to 2.82 per cent in May this year compared to the same month of the previous year. This is the lowest level of retail inflation since February 2019, according to a statement issued by the Ministry of Statistics on Thursday. Food Inflation declined to 0.99 per cent during May, which is the lowest since October 2021. This is the seventh month in a row that food inflation has registered a decline as the agricultural output has been on the rise. The significant decline in inflation during the month is mainly attributed to the decline in inflation of pulses, vegetables, fruits, cereals, household goods & services, sugar, and eggs. Inflation also declined due to a moderation in fuel prices, with international prices of crude oil coming down during the month. The RBI has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said during the monetary policy review meeting earlier this month. CPI inflation for the financial year 2025-26 is now projected at 3.7 per cent, with Q1 at 2.9 per cent, Q2 at 3.4 per cent, Q3 at 3.9 per cent, and Q4 at 4.4 per cent. The easing of inflation has enabled the RBI to go in for an interest rate cut and a reduction in the cash reserve ratio (CRR)for banks to spur growth in the economy.
&w=3840&q=100)
Business Standard
8 hours ago
- Business
- Business Standard
Retail inflation for farm, rural workers eases to below 3% in May
The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) decreased by 2 points and 1 point in May 2025 to stand at 1305 and 1319 points, respectively Press Trust of India New Delhi Retail inflation for farm and rural workers eased to 2.84 per cent and 2.97 per cent in May from 3.48 per cent and 3.53 per cent, respectively, in April this year, according to data released by the Labour Ministry on Friday. According to the data, the All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) decreased by 2 points and 1 point in May 2025 to stand at 1305 and 1319 points, respectively. The CPI-AL and CPI-RL were 1307 points and 1320 points in April 2025. "The year-on-year inflation rates based on CPI-AL and CPI-RL for May 2025 were recorded at 2.84 per cent and 2.97 per cent, respectively, compared to 7.00 per cent and 7.02 per cent in May 2024. The corresponding figures for April 2025 stood at 3.48 per cent for CPI-AL and 3.53 per cent for CPI-RL," said the labour ministry.
Economic Times
8 hours ago
- Business
- Economic Times
Retail inflation for farm, rural worker eases in May
Retail inflation for farm and rural workers eased to 2.84 per cent and 2.97 per cent in May from 3.48 per cent and 3.53 per cent, respectively, in April this year, according to data released by the Labour Ministry on Friday. According to the data, the All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) decreased by 2 points and 1 point in May 2025 to stand at 1305 and 1319 points, respectively. The CPI-AL and CPI-RL were 1307 points and 1320 points in April 2025. "The year-on-year inflation rates based on CPI-AL and CPI-RL for May 2025 were recorded at 2.84 per cent and 2.97 per cent, respectively, compared to 7.00 per cent and 7.02 per cent in May 2024. The corresponding figures for April 2025 stood at 3.48 per cent for CPI-AL and 3.53 per cent for CPI-RL," said the labour ministry.
Business Standard
9 hours ago
- Business
- Business Standard
All-India consumer price inflation for agricultural labourers softens further to 2.84% in Apr-25
The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) decreased by 2 points and 1 point for the month of May 2025, to stand at 1305 and 1319 points, respectively. The year-on-year inflation rates based on CPI-AL and CPI-RL for May 2025 were recorded at 2.84% and 2.97%, respectively, down sharply compared to 7.00% and 7.02% in May 2024. The corresponding figures for April 2025 stood at 3.48% for CPI-AL and 3.53% for CPI-RL.
Time of India
22-05-2025
- Business
- Time of India
Indian economy shows resilience despite weak global growth: RBI
New Delhi: The global growth continues to face headwinds with persistent trade frictions, heightened policy uncertainty, and weak consumer sentiment weighing on the outlook. Despite this, the Indian economy is exhibiting resilience even after high trade and tariff-related concerns , the Reserve Bank of India (RBI) has said. Persistent trade frictions, heightened policy uncertainty, and weak consumer sentiment continue to create headwinds for global growth. "Amidst these challenges, the Indian economy exhibited resilience. Various high frequency indicators of industrial and services sectors sustained their momentum in April," according to the RBI Bulletin. A bumper rabi harvest and higher acreage for summer crops, coupled with favourable southwest monsoon forecasts for 2025, augur well for the agriculture sector. Headline CPI inflation fell for the sixth consecutive month to its lowest since July 2019, primarily driven by the sustained easing in food prices. Domestic financial market sentiments, which remained on edge in April, witnessed a turnaround since the third week of May, said the Bulletin. 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 April this year eased further to 3.48 per cent and 3.53 per cent, respectively -- compared to 7.03 per cent and 6.96 per cent in April 2024 -- bringing respite to poor households. Also, the domestic equity market, which declined initially in response to the tariff announcements by the US, gained momentum in the second half of April in the wake of robust corporate earnings reports for Q4 by some banking and financial sector companies. Moreover, the growth rate in notes in circulation (NiC, in value terms) during 2014-2024 was significantly lower as compared to that in the previous two decades. The growth in NiC was noticeably higher than that in GDP during 1994 - 2004; the gap, however, has significantly reduced in the next two decades. There exists positive relationship between nightlights and taxes and also between nightlights and GDP . It means that formal economic activity reduces the use of banknotes, said the Bulletin.
