The year-on-year inflation rates based on the all-India Consumer Price Index for Agricultural Labourers and Rural Labourers in December 2024 declined to 5.01 per cent and 5.05 per cent, respectively, compared to the corresponding figures of 7.71 per cent and 7.46 per cent in the same month of the previous year, according to data released by the Ministry of Labour and Employment on Thursday.