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Wholesale prices continue to tumble for 11th straight month in September!
Posted on: 15/Oct/2015 3:53:07 PM
A government data revealed that India`s wholesale prices fell for an 11th straight month in September, plunging an annual 4.54 percent.
The main reason for this is cited to be tumbling oil prices.
This 4.54% fall compares rather well with a 4.43 percent year-on-year decline forecast by economists and a provisional 4.95 percent fall in August.
The wholesale fuel prices fell 17.71 percent from a year ago. Prices of manufactured goods declined 1.73 percent on year in September.
Food prices, however, inched up 0.69 percent year-on-year last month.
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