The details of the All India Consumer Price Index for Agricultural and Rural Labourers for March ‘23 has been released. We can abbreviate it to CPI-AL and RL. Here is all you need to know about it:
CPI-AL
· It has increased to 1175 points (+4 points as compared to the month of Feb ‘23)
· Main reason for increase- increase in the prices of rice, jowar, ragi, pulses, milk, meat, fish, green chillies, garlic, spices, fruits and vegetables, readymade tea etc. It contributed +1.67 points to the CPI
· 18 states have recorded an increase of 1 to 9 points, while 2 states have recorded a decrease of 2 to 4 points
· Highest: Tamil Nadu (1360 points)
· Lowest: Himachal Pradesh (917 points)
· Maximum increase recorded by West Bengal (9 points) due to increase in the prices of wheat (atta), bajra, barley, mustard oil, onion etc.
· Maximum decrease recorded by Uttar Pradesh (4 points) due to decrease in the prices of wheat (atta), bajra, barley, mustard oil, onion etc.
CPI-RL
· Increased to 1186 points (+4 points as compared to the month of Feb ‘23)
· Main reason for increase- increase in the prices of rice, jowar, ragi, pulses, milk, meat, fish, green chillies, garlic, spices, fruits and vegetables, readymade tea etc. It contributed +1.97 points to the CPI.
· 18 states have recorded an increase of 1 to 9 points, while 2 states have recorded a decrease of 2 to 3 points
· Highest: Tamil Nadu (1350 points)
· Lowest: Himachal Pradesh (968 points)
· Maximum increase recorded by West Bengal (9 points) due to increase in the prices of wheat (atta), bajra, barley, mustard oil, onion etc.
· Maximum decrease recorded by Uttar Pradesh (4 points) due to decrease in the prices of wheat (atta), bajra, barley, mustard oil, onion etc.
The inflation rate based on CPI-AL and CPI-RL was 7.01% and 6.94% for March, 2023 as compared to 6.94% and 6.87% in February’23. An year back in March ’22, it stood at 6.09% and 6.33% respectively.
Food inflation based on the two indexes in March ’23 was 7.12% and 7.07%, 6.82% and 6.68% in February ’23, while it an year back in March ’22 it was 4.91% and 4.88% respectively
The CPI-AL and RL for April will be released on 19th May 2023.