India's wholesale inflation eases to 5-year low

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India's wholesale price inflation eased for a fifth straight month in October to 1.77 percent, its lowest level in more than five years, government data showed on Friday.

The rise in the wholesale price index (WPI) compared with a 2.20 percent year-on-year jump forecast by economists in a Reuters poll. In September, wholesale prices rose 2.38 percent from a year ago.

The reading for August WPI inflation was revised to 3.85 percent from 3.74 percent earlier.