SME Times News Bureau | 28 Nov, 2015
Deflationary trend continued for the 12th month in a row
with WPI inflation at (-)3.81 percent in October, mainly on account of subdued
prices of food items although pulses and onion turned costlier, reports media.
Inflation based on Wholesale Price Index has been in the negative zone since
November last year.
It was (-)4.54 percent in September. In October last year, it was 1.66 percent.
Pulses and Onion among the food items category turned costlier with inflation
at 52.98 percent and 85.66 percent respectively during October.
Despite the sharp rise in prices of various pulses and the concerns generated
by the unfavourable monsoon, overall food inflation remained muted in October,
ICRA Senior Economist Aditi Nayar said.
The rate of price rise in case of vegetables was at 2.56 percent as against
(-)19.37 percent in the same month last year, as per official data released on
Monday.