Summary of All-India Consumer Price Index Numbers for Agricultural and Rural Labourers – January, 2024

The All-India Consumer Price Index (CPI) for Agricultural and Rural Labourers in January 2024 saw an increase by 1 point each, reaching 1258 and 1268 points respectively. The rise was primarily due to increases in the miscellaneous group and fuel and light group, influenced by rising prices of various goods and services.

• Point to point rate of inflation for CPI-AL and CPI-RL was 7.52% and 7.37% respectively in January 2024.
• Tamil Nadu and Andhra Pradesh ranked the highest in the index table for Agricultural and Rural Labourers respectively.
• Himachal Pradesh and Madhya Pradesh experienced notable increases in CPI-AL and CPI-RL, while states like Assam, Bihar, West Bengal, and Tripura witnessed decreases.
• Food inflation in January 2024 was at 9.67% and 9.43% for CPI-AL and CPI-RL respectively.

Potential Exam Questions:

• What were the major contributors to the rise in the All-India Consumer Price Index for Agriculture and Rural Labourers in January 2024?
• Which states showed the highest and lowest CPI figures for Agricultural and Rural Labourers?
• Discuss the point to point rate of inflation for CPI-AL and CPI-RL in January 2024 compared to the previous year.

Key Takeaways for Exam Preparation:

The All-India Consumer Price Index Numbers for Agricultural and Rural Labourers in January 2024 reflect fluctuations in prices across different states, indicating the impact of various factors on inflation rates. Understanding these trends and state-wise variations is crucial for analyzing economic indicators and formulating policies.