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Just In: October WPI eases at multi year low of 1.77% v/s 2.38% in September

14 Nov 2014 Evaluate

Extending its easing trend, India's main inflation gauge, based on monthly WPI, softened to five year low, at 1.77% for the month of October, as compared to 2.38% (Provisional) for the previous month of September. The reading was way below the street expectation, which were expecting figure to be near 2% mark for the month under review. Meanwhile, August WPI was revised higher 3.84% from 3.74% earlier.