India's CPI inflation drops to record low amid GST reforms
pre-market1 source ↓written by the desknot a recommendation
- in October
- 0.25% YoY
- decline
- 85 bps
- remained stable
- 4.33%
- 2.6%
- in most states
- 3%
CPI inflation in India fell to a historic low of 0.25% YoY in October, driven by GST rationalisation which contributed to an 85 bps decline. Core CPI remained stable at 4.33%, but excluding gold, it was at 2.6%. With inflation below 3% in most states, this poses a dilemma for the central bank regarding interest rate decisions.
Not investment advice. For informational purposes only.