Diabytes
October inflation News
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IIP in September with a marginal rise of 4.5 percent as compared to 4.3 percent in August.
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Retail inflation is expected to soften to 4.1 percent in October and ease further to sub-4 percent level by November-December, largely helped by favourable base effect, says a Citigroup report.
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On the back of higher prices of pulses, vegetables and onion, WPI inflation for the month of October edged up to (-)3.81 percent as against (-)4.54 in September.
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With the wholesale price inflation touching a five year low of 1.77 percent in October, clamour for a rate cut by the RBI intensified as India Inc said it was essential to stimulate demand and perk up investments.
WPI inflation cooled to a five year low of 1.77 percent in October raising hopes of rate cut by the Reserve Bank next month to boost economic growth.
The October inflation data eased to its lowest since September 2009.
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