India's WPI inflation eases to 8.39% in October from 10.7% in September

The index for manufactured products saw a decline of 0.42 per cent month-on-month (MoM) and the inflation in fuel and power category saw a fall of 1.65 per cent

India's annual wholesale price-based inflation (WPI) eased in October to 8.39 per cent year-on-year, the lowest since March 2021, helped by a fall in commodity prices, government data showed on Monday.

"Decline in the rate of inflation in October, 2022 is primarily contributed by fall in the price of mineral oils, basic metals, fabricated metal products, except machinery and equipment, textiles, other non-metallic mineral products, minerals etc," the official press release by the Ministry of Commerce and Industry said. 

The food inflation has decreased from 8.08 per cent in September to 6.48 per cent in October. The index for manufactured