1 Headline inflation has fallen for both indices

Both retail and wholesale inflation show a fall in October compared to their respective September prints. While retail inflation, as measured by the Consumer Price Index (CPI) has fallen from 7.4% in September to 6.77% in October, wholesale inflation, measured by the Wholesale Price Index (WPI) has fallen from 10.7% in September to 8.4% in October. To be sure, the two inflation measures have had different trajectories in the past. While WPI has been falling continuously since June , CPI increased for the past two months before gravitating towards its July level of 6.71% in October.