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India’s WPI inflation slides to –1.21% in October, food deflation deepens
Wholesale inflation in India dropped to –1.
India’s wholesale inflation (WPI) fell to –1.21% year-on-year in October, marking a 27-month low.
The decline was driven by steep falls in food prices, including pulses, vegetables, and onions, while fuel and power costs also moderated sharply.
The sharp deflationary trend may give the Reserve Bank of India room to ease policy, though the drop could hurt farm incomes and consumption if sustained.