Retail inflation in October touches record low of 0.25 pc on GST cuts
GST
Dated:- 12-11-2025
PTI
New Delhi, Nov 12 (PTI) Retail inflation fell to a record low of 0.25 per cent in October following cut in GST rates on nearly 380 items of mass consumption coupled with subdued prices of vegetables, fruits and eggs.
October Consumer Price Index (CPI)-based inflation was lowest in the current series (base year 2012), which captures data since January 2014.
The inflation was 1.44 per cent in September and 6.21 per cent in October 2024.
According to the data released by the National Statistics Office (NSO), the food inflation declined to (-) 5.02 per cent in October.
The decline in headline inflation and food inflation during O
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
per cent), Karnataka (2.34 per cent), Punjab (1.81 per cent) and Tamil Nadu (1.29 per cent).
The inflation was negative in several states, including Assam, Bihar, Chhattisgarh, Delhi and Uttar Pradesh.
Commenting on the data, Aditi Nayar, Chief Economist at ICRA, said the Reserve Bank's Monetary Policy Committee (MPC) is likely to pare its CPI inflation projection for FY2026 further from 2.6 per cent, driven by the soft sequential momentum in food prices as well as the impact of the GST rate rationalisation on several items in the CPI basket.
“This, along with the dovish tone of the October 2025 policy document, would support a 25-bps rate cut in the December 2025 policy review, unless Q2 FY2026 GDP growth surprises on the upside,” s
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =