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Retail inflation slips to 1.54%, lowest in eight years in India
Retail inflation falls to 1.
India’s retail inflation eased sharply to 1.54% in September — the lowest since 2017 — as food and fuel prices moderated. This falls well below estimates (~1.7%) and below RBI’s lower tolerance band. Economists suggest this clearance may provide room for a 25 bps rate cut in the December policy review. The easing also raises questions on whether demand remains strong, given subdued growth in core categories.