BofA-ML Sees Wholesale Price Deflation Continuing Till October

Mumbai: American brokerage Bank of America-Merrill Lynch (BofA-ML) on Friday said the "deflation" on the wholesale price index is likely to continue till October. "We see wholesale price deflation persisting for another four months till October if the dated Brent ends 2015-16 at $62 a barrel," BofA-ML said in a research note. Wholesale Price Index-based inflation was at negative 2.4 per cent in June, which was the eighth consecutiv...