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The wholesale price index- (WPI-) based inflation entered deflationary territory in April, falling to 34-month low at -0.92 percent from 1.34 per cent in March, due to a higher base effect and continuing contraction in prices of manufactured products.Data released by the Commerce and Industry Ministry showed prices for manufactured items (-2.42 per cent) contracted further in April from -0.77 per cent in March, led by a decelerated price rise in items such as beverages, tobacco, apparel, leather, pharmaceuticals, and cement.
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