"According to the Reserve Bank of India sources, inflation in India is higher as compared to other BRIC nations," he said in a written reply to the Lok Sabha.
Inflation declined marginally to 7.45 per cent in October even though prices of food items like rice, wheat pulses and potato showed a rising trend.
Inflation, as measured by the Wholesale Price Index, was 7.81 per cent in September. In October last year, it stood at a high of 9.87 per cent.
Inflation for primary food articles under the wholesale price index has declined to 6.62 per cent in October from 10.91 per cent in June, Thomas said in his reply.
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