EconomyAfter close
October retail inflation drops to record low of 0.5%
after close1 source ↓written by the desknot a recommendation
- is projected
- 0.5%
- in September
- 1.54%
The headline retail inflation for October is projected at 0.5%, a significant drop from 1.54% in September, driven by lower food prices and GST rate cuts. This marks the lowest inflation rate in the current CPI series, remaining below the Reserve Bank of India's target for nine consecutive months.
This decline may influence monetary policy discussions, as sustained low inflation could lead to a more accommodative stance from the RBI, impacting interest rates and market sentiment.
Not investment advice. For informational purposes only.