Wholesale prices down for 11th straight month in September

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India’s wholesale prices fell for an 11th straight month in September, plunging an annual 4.54 percent primarily on the back of tumbling down oil prices, govt data showed on Wednesday.

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The fall compared with a 4.43 percent year-on-year decline forecast by economists in a Reuters poll 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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