Acche din in Modi's regime: Inflation drops to 5-year low of 1.77 per cent in October
At a time, when Assembly election in Delhi is only few months away, this could provide big buoyancy to BJP. On Friday, wholesale price inflation came down to a five-year low of 1.77 per cent in October due to decline in food prices including vegetables.
The
Wholesale
Price
Index
(WPI)
based
inflation
was
at
2.38
per
cent
in
September
and
7.24
per
cent
in
October
2013.
As
per
data
released
by
the
government
on
Friday,
the
food
inflation
fell
to
a
nearly
two-and-half
year
low
of
2.7
per
cent.
Food
inflation
is
on
decline
since
May.
The sharp drop in WPI inflation, which fell for the fifth month in a row, came at the back of retail inflation declining to a record low of 5.52 per cent in October.
The rate of price rise in onion contracted 59.77 per cent as compared to a contraction of 58.12 per cent in September.
In case of vegetables, the contraction was 19.61 per cent, while in protein rich items of egg, meat and fish it was 2.58 per cent in October.
During the month, inflation in potato stood at 82.11 per cent, against 90.23 per cent in the previous month.
Inflation in manufactured products, like sugar, edible oils, beverages and cement, fell to 2.43 per cent in October as against 2.84 per cent in the previous month.
OneIndia News
(With inputs from PTI)