Economic news
India’s October WPI inflation eases to 8.39% y/y
2022.11.14 01:59
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© Reuters. FILE PHOTO: A labourer carries a sack of onions at a wholesale market in Kolkata, India, December 14, 2021. REUTERS/Rupak De Chowdhuri
NEW DELHI (Reuters) – India’s annual wholesale price-based inflation (WPI) eased in October to 8.39% year-on-year, the lowest since March 2021, helped by a fall in commodity prices, government data showed on Monday.
The October WPI inflation was lower than the Reuters forecast of 8.70% and 10.70% recorded in the previous month.
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