India: Inflation rises and decline in wholesale prices softens in October
November 16, 2015
Consumer prices in October increased 0.56% over the previous month, which was above September’s 0.48% rise. The monthly result partly reflected an increase in prices of food and beverages as well as an increase in housing prices. Inflation picked up pace in October, rising from 4.4% in September to 5.0%, thus hitting a four-month high. The result was above market analysts’ expectations of a reading of 4.8%.
The wholesale price index (WPI) in October rose 0.06% over the previous month, which mirrored September’s figure. October’s reading reflected broadly stable prices for primary and manufactured articles. On an annual basis, wholesale prices fell 3.8% in October, which was a softer decline than September’s 4.5% decrease. However, annual average WPI inflation continued its downward trajectory, falling from minus 2.1% in September to minus 2.5% in October.