The wholesale inflation fell to a 5-year low of 1.77 per cent in October, led by a drop in fuel and food prices. In September, the wholesale inflation was at 2.38 per cent.
The fuel inflation fell to 0.43 per cent in October against 1.33 per cent in September. Against the backdrop of a big fall in global crude prices, petrol prices have been cut six times since August while diesel prices have been lowered twice since its decontrol last month.
The food inflation fell to 2.7 per cent in October against 3.52 per cent in the previous month. (With Agency Inputs)
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