India's September WPI inflation eases to 10.66% y/y

FILE PHOTO: A labourer unloads a sack of rice from a supply truck at a wholesale market in Ahmedabad, India, October 15, 2018. REUTERS/Amit Dave

NEW DELHI (Reuters) – India’s annual wholesale price-based inflation in September eased to 10.66% from the previous month’s 11.39%, remaining in double digits for the sixth month in a row, government data showed on Thursday.

Fuel and power prices rose 24.81% in September year-on-year compared with 26.09% in August, while manufactured product prices rose 11.41% compared with 11.39% in the previous month.

However, wholesale prices of food rose at a slower pace of 1.14% in September from a year earlier compared with 3.43% in the previous month.

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