Yes, that's correct! Retail inflation has eased to 4.61% for farm workers and 4.73% for rural laborers in January 2025. This marks a slight decrease from December 2024, when the rates were 5.01% for farm workers and 5.05% for rural laborers. Even more notably, these figures are significantly lower than a year ago in January 2024, when inflation stood at 7.52% for farm workers and 7.37% for rural laborers.
This decline suggests a modest relief in the cost of living for these groups, likely driven by stabilizing food prices, which are a major component of the inflation index for farm workers and rural laborers. While still at moderate levels, this easing could improve their purchasing power, offering some respite after higher inflationary pressures in recent years.
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Encouraging drop in January’s retail inflation offers relief to consumers. Hope this trend continues to support household budgets, and reflects positively on consumer spending and economic confidence.
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