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Inflation Rate Drops to Lowest in Six Months |
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Wholesale Price Index of all commodities at 235.5. The annual Wholesale Price Index-based inflation rate was at 8.98 per cent during the week ended November 1, sharply below the previous week's annual rise of 10.72 per cent, government data showed on Thursday. The dip in the year-on-year inflation rate to a single digit level, after 21 consecutive weeks in the double digits, was on account of an all-round decline in price levels led by a sharp decline in annual inflation in the fuels category.
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