India’s October WPI inflation eases to 8.39% y/y

NEW DELHI (Reuters) – India’s annual wholesale price-based inflation (WPI) eased in October to 8.39% year-on-year, the lowest since March 2021, helped by a fall in commodity prices, government data showed on Monday.

The October WPI inflation was lower than the Reuters forecast of 8.70% and 10.70% recorded in the previous month.

(Reporting by Manoj Kumar and Nikunj Ohri; Editing by Christopher Cushing)