India’s annual retail inflation dropped sharply to 0.25% in October 2025, down from 1.44% in September, according to government data. Food inflation plunged 5.02% year-on-year while core inflation rose to 4.49%. The decline in headline inflation strengthens expectations that the Reserve Bank of India (RBI) may cut its repo rate in December. Economists note that sustained low inflation could support consumer spending, though upside risks remain from global commodity prices and a weakening rupee. The data reinforces India’s strong domestic price stability backdrop.