India WPI Falls for 12th Straight Month in October
Indian wholesale prices declined by 3.81 percent year-on-year in October of 2015, slowing from a 4.54 percent drop in September, as prices of food rose higher than in the previous month while cost of petrol and manufactured declined at a slower pace.
11/16/2015 7:52:53 AM
Year-on-year, petrol prices dropped by 13.16 percent, following a 14.78 percent fall in the previous month and cost of diesel decreased by 26.21 percent, following a 28.06 percent decline in September.
Food prices increased by 2.44 percent, following a 0.69 percent rise in a month earlier. Among food prices, onion recorded the highest increase (+85.66 percent), followed by pulses (+52.98 percent); oil seeds (+6.52 percent); wheat (+4.68 percent), vegetables (+2.56 percent) and milk (+1.75 percent). In contrast, potatoes dropped the most (-58.95 percent), followed by fruits (-4.78 percent); egg, meat & fish (-3.42 percent); rice (-3.40 percent); fibres (-1.95 percent) and cereals (-0.25 percent).
In October, cost of manufactured products declined by 1.67 percent, as compared to a 1.73 percent fall in the previous month.
The wholesale inflation has been in negative territory since November of 2014.
On a monthly basis, wholesale prices increased by 0.1 percent, following a 0.1 percent drop in September.