The All-India CPI Numbers for Agricultural Labourers and Rural Labourers for September 2020 increased by 11 points and 10 points to stand at 1,037 and 1,043 point, respectively, the statement added.
High inflation makes the Reserve Bank of India’s task tougher as it tries to prop up growth. A rate cut in December too appears unlikely now
The inflation based on the Consumer Price Index (CPI) stood at 6.69 percent in August. It was 3.99 percent in September last year.
The widening gap in wholesale and retail prices that reflects inability of farmers to realise appropriate prices comes at a time when farmer protests against three farm bills is gathering steam.
According to the government data, retail inflation rose to 6.93 percent in July, mainly driven by rising prices of food items like vegetables, pulses, meat and fish. However, wholesale price-based inflation declined 0.58 percent in July, even as food items turned costlier.
"Year-on-year inflation based on all-items stood at 5.33 percent for July 2020 as compared to 5.06 percent for the previous month (June 2020) and 5.98 percent during the corresponding month (July 2019) of the previous year," a labour ministry statement said.
Has the rise in inflation dimmed all hopes of a rate cut? Will RBI hold rates in the next MPC meeting as well? Watch this edition of Big Story to find out.
As the price rise continues, the central bank may yet again decide against any rate cut since inflation in the last two consecutive quarters has already breached its 6 percent target
Food inflation stood at 5.49 percent in June 2020 as against 5.88 percent in the previous month and 5.47 percent during the corresponding month a year ago.
The 'Ecowrap' report also suggested the Ministry of Statistics and Programme Implementation (MOSPI) should also take into account the online prices of products while computing retail inflation as more and more people are relying on online stores for their needs, especially after the outbreak of COVID-19.
The government had not released data for the months of April and May citing insufficient data collection amid the outbreak of coronavirus.
Similarly, as per the data, food inflation stood at 5.88 percent against 6.56 percent in the previous month and 5.21 percent in May 2019.
"Point to point rate of inflation based on the CPI-AL (agriculture labourers) and CPI-RL (rural labourers) decreased to 8.40 percent and 8.12 percent in May 2020 from 8.80 percent and 8.52 percent, respectively in April 2020," the labour ministry statement said.
Retail inflation for the month of March stood at 5.91 percent.
Price pressures will probably ease further this month as economic activity ground to a halt after Prime Minister Narendra Modi imposed a 21-day lockdown from March 25 in an attempt to curb the spread of the coronavirus.
Food prices, which is a gauge to measure changes in kitchen budgets, stood at 10.81 percent in February against 13.63 percent a month ago.
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Food prices, which is a gauge to measure changes in kitchen budgets, fell 13.63 percent, against a growth of 14.1 percent in December.
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The rising vegetable prices can also be seen as a key reason behind the jump in the retail inflation.
Vegetables inflation for December stood at 60.5 percent against 36 percent in November.
Moneycontrol's Sakshi Batra talks to Deputy Executive Editor Gaurav Choudhury to find out how November CPI numbers stack up.
Vegetables inflation for November stood at 36 percent against 26 percent in October.
In October, inflation based on the Consumer Price Index (CPI) spiked to a 16-month high of 4.62 per cent on costlier food items.
Vegetables inflation for October stood at 26 percent against 15.4 percent in September.