India’s CPI inflation drops to 0.25% in October
after close1 source ↓written by the desknot a recommendation
- in October
- 0.25%
- in September
- 1.54%
India’s Consumer Price Index (CPI) inflation fell to 0.25% in October, driven by GST rate cuts that reduced prices across various sectors. This decline follows a previous rate of 1.54% in September, with food inflation dropping to (-)5.02%. The sustained negative food inflation over five months is easing household budgets, indicating potential shifts in consumer spending. 📉
The continued decrease in inflation may influence monetary policy and market sentiment, providing a favorable environment for traders.
Not investment advice. For informational purposes only.