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India's inflation, based on whole price index, is likely to turn positive after October this year, said Reserve bank of India in its annual report. The country's inflation was in the negative zone from June with prices of international commodities and food rising considerably.
The apex bank said while WPI inflation has turned negative, other indicators of inflation based on consumer price index for June (point-to-point) continue to remain high. This is due to the differences in the coverage of items and their weights in the WPI and CPI, it added.
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