New Delhi, Nov. 29 -- After an extended stretch of rising prices, wholesale and retail price indices in India cooled in October 2022, potentially offering some relief to the common man. Will the trend sustain and what are the implications? Mint analyses.

What has been the trend in inflation?

In October, the consumer price index (CPI) dipped to a three-month low of 6.77%, while wholesale price index (WPI) inflation, which has been in double digits for over a year and half, dropped to a 19-month low of 8.39%. For quite some time, inflationary pressures have been increasing in India as well as across the world, worrying policymakers. International Monetary Fund forecasts global inflation to rise from 4.7% in 2021 to 8.8% in 2022 but declin...