October 2016: Retail inflation cools to 14-month low

Retail inflation moderated for the third consecutive month in October on the back of cooling food prices, boosting the prospect of a cut in interest rates when the Reserve Bank of India (RBI) reviews monetary policy next month.
Inflation measured by the consumer price index (CPI) rose an annual 4.2% in October, slower than previous month's 4.4%. The food price index rose an annual 3.3%, lower than 3.9% in the previous month.
Separate data showed the annual rate of inflation, based on the wholesale price index (WPI), stood at 3.4% in October compared to 3.6% for the previous month and minus 3.7% during the corresponding month of the previous year.

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