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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