India's inflation, based on the wholesale price index declined to 10.68% during the week ended October 18 from 11.07% recorded in the week ended October 11, the Ministry of Commerce Industry said Thursday. Economists had expected the rate of inflation to slow to 10.8%. A year ago, inflation was 3.11%.
According to the ministry, the index for primary articles declined 0.3% and that for fuel, power, light and lubricants fell 0.4%. Further, the index for manufactured goods decreased 0.1%.
At the same time, the ministry revised inflation figure for the week ended August 23 to 12.76% from 12.34%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.