 "Oct inflation eases to 7.45%, but Aug figure revised up")
India’s WPI inflation rate in October declined but a sharp upward revision in the August print offset the relief from the lower-than-expected October figure.
According to a government press release, the inflation in October stood at 7.45 percent, against a Reuters poll of 7.96 percent. In September, the inflation stood at 7.81 percent.
[caption id=“attachment_524012” align=“alignleft” width=“380”]  Reuters[/caption]
The August WPI inflation was revised to 8.01 percent from the provisional 7.55 percent.
According to the data fuel & power group inflation in October was 11.71 percent against 11.88 percent a month ago. Primary articles inflation stood at 8.21 percent down from 8.77 percent a month ago.
Inflation in manufactured products during the month was 5.95 percent, down from 6.26 percent.
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