India's Wholesale Price Index (WPI) continued in negative territory at -0.52% in October, marking the seventh consecutive month. The decline is attributed to reduced prices in various sectors, including food, electricity, and textiles.
Food inflation slowed to 2.53% in October. While vegetables experienced a decrease in inflation, there was a notable rise in prices for pulses, onions, fruits, eggs, meat, and fish. Overall, WPI for primary articles was 1.82% in October.
Economists suggest the deflationary trend might shift in the coming months as the favorable base effect wanes, and global demand weakness affects commodity prices. Consumer Price Index-based inflation also eased to 4.87% in October.