- RBI to focus on retail inflation; March end forecast over 8 per centRaghuram Rajan says retail inflation targeting awaits government nodRetail inflation for industrial workers eases to 7.2 pct in JanFebruary retail inflation slows to 25-month low of 8.1 per cent, calls for RBI interest rate cut set to rise
Retail inflation for farm workers and rural labourers eased to 8.14% and 8.27%, respectively, in February from 9.08% and 9.21% in January mainly due to a decrease in the prices of food items.
“Point to point rate of inflation based on the CPI-AL and CPI-RL decreased from 9.08% and 9.21% in January, 2014 to 8.14%and 8.27% in February, 2014,” said a press release.
It said the inflation based on food index of Consumer Price Index-Agriculture Labourers (CPI-AL) and Consumer Price Index-Rural Labourers (CPI-RL) were at 6.85% and 6.99% respectively during February. The all India CPI-AL and CPI-RL for February, 2014 remained stationary to stand at 757 points and 759 points respectively.
In case of farm workers, it recorded an increase between 2 to 9 points in 11 states and a decrease between 1 to 9 points in 8 states. The index however, remained stationary in one state. Haryana with 843 points topped the index table whereas Himachal Pradesh with the index level of 623 points stood at the bottom.
In case of rural workers, the index recorded an increase between 1 to 7 points in 12 states, and a decrease between one to 8 points in 8 states. Haryana with 836 points topped the index table whereas Himachal Pradesh State with the index level of 656 points stood at the bottom.