November 16, 2015 / 7:03 AM / 2 years ago

Wholesale prices drop for 12th straight month in October

NEW DELHI (Reuters) - India’s wholesale prices dropped for a 12th straight month in October, falling an annual 3.81 percent mainly due to easing fuel prices, government data showed on Monday.

A farmer winnows paddy crops at a field on the outskirts of Agartala, November 12, 2015. REUTERS/Jayanta Dey

The fall was almost in line with the forecast made by economists in a Reuters poll of 3.83 percent. In September, the index fell a provisional 4.54 percent.

The wholesale fuel prices fell 16.32 percent from a year ago in October, while prices of manufactured goods declined 1.67 percent year on year.

Food prices in October, however, rose 2.44 percent year-on-year.

Reporting by Aditya Kalra; Editing by Malini Menon

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