CPI inflation expected to moderate in October
pre-market1 source ↓written by the desknot a recommendation
- in September
- 1.5%
- in the Bank
- 3.6% drop
Economists predict that CPI inflation will moderate to 0.4%-0.6% in October, down from 1.5% in September, aided by a favorable base. The decline in food inflation, particularly in vegetables, is attributed to a 3.6% drop in the Bank of Baroda Essential Commodities Index. Increased mandi arrivals of key vegetables support this trend.
Not investment advice. For informational purposes only.