India's October wholesale price inflation eases to 0.16%

India's annual rate of inflation based on wholesale prices eased to 0.16 percent in October from 0.33 percent in September, official data showed on Thursday.

Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 5.54 percent during the corresponding period of 2018.

"Build up inflation rate in the financial year so far was 1.92 percent compared to a buildup rate of 4.90 percent in the corresponding period of the previous year," the Ministry said in its review of "Index Numbers of Wholesale Price in India" for October.