New Delhi: With drop in prices of manufactured goods, wholesale prices based inflation or WPI eased to about three-and-a-half-year low of 0.16 per cent in October, which was well prevented to enter into the negative zone.
The previous low was in June 2016 when the WPI inflation was a negative 0.1 per cent, according to government data.
The data further said that though food products remained dearer, the overall prices slipped to a comfort level. “In September this year, the WPI inflation was at 0.33 per cent, while it stood at 5.54 per cent in October 2018,” the data said, adding that the rate of price rise for food articles was 9.80 per cent during the month, while for non-food articles it stood at 2.35 per cent.
WPI in potato remained in the negative zone at 19.60 per cent (from -22.50 per cent in September). “However, for vegetables, the inflation jumped to 38.91 per cent in October from 19.43 per cent a month ago.