New Delhi, Nov 14 || India's annual rate of inflation, based on the Wholesale Price Index (WPI), fell deeper in the negative zone to (-) 1.21 per cent during October this year due to the decline in prices of food articles, crude petroleum & natural gas, electricity, mineral oils and manufacture of basic metals, according to a statement issued by the Ministry of Commerce and Industry on Friday.
The month-over-month change in WPI for October stood at (-) 0.06 per cent as compared to the corresponding figure of (-) 0.19 per cent in the previous month of September.
The inflation rate for manufactured goods during October decreased by (-) 0.07 per cent compared to the previous month as the prices of metallic mineral products, basic metals, chemicals and chemical products, motor vehicles, trailers, and semi-trailers declined during the month, official data showed.
Meanwhile, the country’s inflation rate based on the Consumer Price Index (CPI) declined further to 0.25 per cent in October as the impact of the GST rate cut brought down the prices of goods and services during the month, according to figures released by the Ministry of Statistics on Wednesday.