India CPI inflation likely drops to 0.48% in October
after close1 source ↓written by the desknot a recommendation
- in October
- 0.48%
- in Q1 FY2025
- 8%
India’s CPI inflation is projected to have fallen to 0.48% in October, marking a multi-year low, driven by declining food prices and a higher base effect from last year. This cooling inflation comes as the economy grew nearly 8% in Q1 FY2025, prompting expectations of further interest rate cuts by the central bank next month. 📉
• Vegetable prices have declined for six consecutive months
• A cut in Goods and Services Tax may have also contributed
This trend may influence market sentiment positively as traders anticipate easing monetary policy.
Not investment advice. For informational purposes only.