Current Socio-Economic Problems
Wholesale inflation slipped to single digit at 8.4% in October
- India’s wholesale price inflation slipped below 10% for the first time in 19 months this October, when it eased to 8.4% from 10.7% in September.
- Base effect, cooling commodity prices eased the Wholesale inflation
- This is the fifth successive month of wholesale inflation moderating since it hit a record high of 16.63% in May; food price inflation eased to 6.5%.
