Wholesale prices drop for 12th straight month in October

Prices fell an annual 3.81% mainly due to easing fuel prices

India's wholesale prices dropped for a 12th straight month in October, falling an annual 3.81% mainly due to easing fuel prices, government data showed on Monday.

The fall was almost in line with the forecast made by economists in a Reuters poll of 3.83%. In September, the index fell a provisional 4.54%.

The wholesale fuel prices fell 16.32% from a year ago in October, while prices of manufactured goods declined 1.67% year on year.

Food prices in October, however, rose 2.44% year-on-year.