Rural inflation stands at 15.8% in March
Rural India has experienced the most awful of inflationary times during the fiscal year 2009-10. The consumer price index for agricultural labors has increased in March 2010 by 15.8% on a point-to-point basis.
The consumer price index for the rural labors has gone up by 15.5%. The spurt has been even sharper at nearly 18% for both these segments.
So far as the previous year is concerned, in March 2009 the rate of inflation was below 10%. It was even below 8% for the same month in the year 2008 while in March 2008 the inflation rate was around just 2.4%.
But such a high figure of inflation in rural India has created a concern for the policy makers. The most vulnerable sections of the country are reeling under the huge price hike of all necessary items.
Inflationary onslaught in the rural India has made the people earn hard to fulfill their food requirements. Their income has not been augmented with the rise of the inflation. As food items are the prime movers of the rural inflation and hike in it has made the task tough for the common people of the country earning their livelihood.