India’s retail inflation is projected to have fallen to just 0.48% year‑on‑year in October 2025, according to a Reuters poll of 42 economists. This would mark the lowest reading since the current CPI series began in 2015, driven by steep drops in vegetable prices, high base effects and a recent GST cut. Core inflation is also estimated to have eased to 4.3%. While this supports interest‑rate relief hopes, economists caution about potential supply shocks from weather or pulses import duty hikes.