The All-India Consumer Price Index for Agricultural Labourers

Current Context: The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) was released on 27th July 2024, for June 2024.

• Key Points:
• Increase in both indices: Both CPI-AL and CPI-RL registered an increase of 11 points each, reaching 1280 and 1292 respectively.
• Year-on-year inflation: The year-on-year inflation rate based on CPI-AL was 7.02%, while for CPI-RL it was 7.04%. This is an increase compared to the previous year.
• Main drivers of inflation: Food and clothing were the main contributors to the inflation for both agricultural and rural laborers.
• Fuel and light: Interestingly, the Consumer Price Index for fuel and light decreased this month.

Question:

1 What was the year-on-year inflation rate for CPI-AL in June 2024?

• A) 6.98%
• B) 7.00%
• C) 7.02%
• D) 7.04%

Answer: C) The year-on-year inflation rate based on CPI-AL was 7.02%, while for CPI-RL it was 7.04%. This is an increase compared to the previous year.