WPI inflation at five-year low of 1.77 per cent
BY Agencies15 Nov 2014 12:37 AM GMT
Agencies15 Nov 2014 12:37 AM GMT
Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five year low of 1.77 per cent in October. The Wholesale Price Index (WPI) based inflation was at 2.38 per cent in September and 7.24 per cent in October 2013.
As per data released by the government on Friday, the food inflation fell to a nearly two-and-half year low of 2.7 per cent. Food inflation is on decline since May.
The sharp drop in WPI inflation, which fell for the fifth month in a row, came at the back of retail inflation declining to a record low of 5.52 per cent in October. The rate of price rise in onion contracted 59.77 per cent.     Â
As per data released by the government on Friday, the food inflation fell to a nearly two-and-half year low of 2.7 per cent. Food inflation is on decline since May.
The sharp drop in WPI inflation, which fell for the fifth month in a row, came at the back of retail inflation declining to a record low of 5.52 per cent in October. The rate of price rise in onion contracted 59.77 per cent.     Â
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