In October final yr, WPI was at 8.67 per cent. (Representational)
New Delhi:
The wholesale worth index-based inflation remained within the destructive territory for the seventh straight month in October at (-) 0.52 per cent, on easing costs of meals gadgets.
The WPI-based inflation fee has been within the destructive zone since April and was at (-) 0.26 per cent in September, 2023.
In October final yr, WPI was at 8.67 per cent.
Inflation in meals articles eased to 2.53 per cent in October. It was 3.35 per cent within the earlier month.
“The destructive fee of inflation in October, 2023, is primarily as a result of fall in costs of chemical substances and chemical merchandise, electrical energy, textiles, fundamental metals, meals merchandise, paper and paper merchandise, and so on. as in comparison with the corresponding month of earlier yr,” the commerce and trade ministry mentioned on Tuesday.
The gasoline and energy basket inflation was at (-) 2.47 per cent in October, in opposition to (-) 3.35 per cent in September.
In manufactured merchandise, the inflation fee was at (-) 1.13 per cent, as in opposition to (-) 1.34 per cent in September.
The annual retail or client worth inflation for October hit a 5-month low of 4.87 per cent, knowledge launched on Monday confirmed.
(Aside from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)