Wholesale inflation was down from 3.57% in September led by easing prices of food items and non-food items.
Wholesale Price Index (WPI) inflation fell to 3.39% in October, down from 3.57% in September led by easing prices of food items and non-food items, a statement from the Commerce and Industry Ministry, said.
The index for 'Food Articles' group declined by 0.3% to 278.8 (provisional) from 279.6 (provisional) for the previous month due to lower price of urad (6%), masur and fruits & vegetables (4% each), arhar, bajra, maize and mutton (3% each), jowar (2%) and moong, fish-inland and condiments & spices (1% each). However, the price of gram (18%), ragi (9%), poultry chicken (5%) and fish-marine, coffee and milk (1% each) moved up.
In the months following the monsoon months this year, inflation was expected to ease on lower food prices.
The index for 'Non-Food Articles' group declined by 3.1% to 223.2 (provisional) from 230.3 (provisional) for the previous month due to lower price of soyabean (10%), groundnut seed and flowers (8% each), raw cotton (5%), guar seed and raw rubber (4% each), gingelly seed and castor seed (3 % each), sunflower, hides (raw), raw silk and rape & mustard seed (2% each) and raw wool, skins (raw), coir fibre and mesta (1% each). However, the price of fodder and linseed (2% each) and cotton seed and safflower (kardi seed) (1% each) moved up, the ministry's statement said.
However, the index for fuel and electricity which carries 14.91% weightage in WPI, rose by 1% to 187.3 (provisional) from 185.4 (provisional) for the previous month due to higher price of aviation turbine fuel (4%), petrol, furnace oil and high speed diesel (2% each) and kerosene and LPG (1% each).
The index for manufactured products like tobacco and tobacco products, paper and paper products, leather and leather products, went down, while that for non-metallic mineral products, basic metals, alloys, and metal products, transport, equipment and parts, rose in the month.
The 30-share benchmark BSE was trading at 26,466.53, down 352.29 points or 1.31% from previous close.
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