India: Inflation eases to 10-month low
November 14, 2012
In October, the wholesale price index (WPI) - India's preferred measure of inflation - added 0.18% over the previous month, which was below the 0.66% rise observed in September. The subdued monthly rise reflected how higher prices for manufactured products as well as for fuel and power were partially offset by lower prices for primary articles. As a result of the mild monthly increase, annual headline WPI inflation fell from 7.8% in September to 7.5% in October, which undershot market expectations of a 7.9% rate and marked the lowest inflation level recorded in 10 months. Annual average wholesale price inflation inched down from 7.9% in September to 7.8%. Meanwhile, the consumer price index added 0.73% over the previous month in October, which was down from the 0.90% rise recorded in September. As a result, annual consumer inflation inched up from 9.7% in September to 9.8%.