WPI slide: Inflation falls to -1.21% in October; food prices see steep deflation

Wholesale inflation turned negative in October, dropping to minus 1.21 percent. Prices for food, fuel, and manufactured items saw significant decreases. This broad-based correction, influenced by factors like GST rate cuts, also pushed retail inflation to a historic low. Economists anticipate the Reserve Bank of India may reconsider its policy stance following these developments.

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