WPI slide: Inflation falls to -1.21% in October; food prices see steep deflation
WPI slide: Inflation falls to -1.21% in October; food prices see steep deflation
Wholesale inflation turned negative in October, dropping to minus 1.21 percent. Prices for food, fuel, and manufactured items saw significant decreases. This broad-based correction, influenced by factors like GST rate cuts, also pushed retail inflation to a historic low. Economists anticipate the Reserve Bank of India may reconsider its policy stance following these developments.
Wholesale inflation turned negative in October, dropping to minus 1.21 percent. Prices for food, fuel, and manufactured items saw significant decreases. This broad-based correction, influenced by factors like GST rate cuts, also pushed retail inflation to a historic low. Economists anticipate the Reserve Bank of India may reconsider its policy stance following these developments.
Wholesale inflation turned negative in October, dropping to minus 1.21 percent. Prices for food, fuel, and manufactured items saw significant decreases. This broad-based correction, influenced by factors like GST rate cuts, also pushed retail inflation to a historic low. Economists anticipate the Reserve Bank of India may reconsider its policy stance following these developments. 
