In October final 12 months, WPI was at 8.67 per cent. (Representational)
New Delhi:
The wholesale worth index-based inflation remained within the damaging territory for the seventh straight month in October at (-) 0.52 per cent, on easing costs of meals objects.
The WPI-based inflation charge has been within the damaging zone since April and was at (-) 0.26 per cent in September, 2023.
In October final 12 months, 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 damaging charge of inflation in October, 2023, is primarily on account of fall in costs of chemical substances and chemical merchandise, electrical energy, textiles, primary metals, meals merchandise, paper and paper merchandise, and so on. as in comparison with the corresponding month of earlier 12 months,” the commerce and trade ministry stated on Tuesday.
The gasoline and energy basket inflation was at (-) 2.47 per cent in October, towards (-) 3.35 per cent in September.
In manufactured merchandise, the inflation charge was at (-) 1.13 per cent, as towards (-) 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, information launched on Monday confirmed.
(Apart from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
