WPI in negative zone for sixth month

Wholesale price inflation in India remained negative for the sixth consecutive month in September, but the contraction was narrower compared to previous months. The annual rate of inflation, as measured by the Wholesale Price Index, contracted by 0.3% in September, slower than the 0.5% decline in August. Deflation in September was primarily due to falling prices of chemical products, mineral oils, textiles, basic metals, and food products.