India's wholesale inflation declined deeper into negative territory and reached at –1.21% in October

¨     India's wholesale inflation declined deeper into negative territory and reached at –1.21% in October.

¨     India's wholesale inflation had stood at 0.13% in September.

¨     Cheaper food items, crude oil, natural gas, electricity, mineral oils and basic metal products led the negative rate of inflation during the last month.

¨     Between September and October, the WPI food index remained steady at 192.0.

¨     Its annual inflation rate declined to -5.04%. Its annual inflation rate stood at -1.99% a month earlier.

¨     WPI food index remained in deflation for the second consecutive month.

¨     Primary commodities recorded a 6.18% deflation. Fuel and power prices also registered 2.55% deflation.

¨     Price growth in manufactured goods slowed to 1.54% in October from 2.33% in September.

¨     WPI tracks price movements at the wholesale level. CPI measures shifts in consumer prices.

¨     Retail inflation earlier eased to 0.25% in October.