India’s annual consumer price index for September came in at 1.54 percent, marking the lowest level since 2017 and reflecting benign price pressures across food and fuel. The moderation was driven by steady agricultural supply and stable global oil prices, helping core inflation remain contained. The lower inflation reading could give the room to maintain its accommodative stance and support economic recovery. Economists note that sustained low inflation may bolster consumer demand and ease cost pressures for corporates in the near term.