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India inflation forecast plummets to 0.48% in October
A Reuters poll forecasts India’s CPI inflation at 0.
Indian consumer price index (CPI) inflation is projected to shrink to just 0.48% in October 2025, the lowest in at least a decade, according to a Reuters poll of 42 economists. The sharp drop is largely attributed to a steep fall in food prices—particularly vegetables—and an elevated year-ago base effect.
Core inflation is expected to ease to 4.3%.
Economists caution that supply-side risks such as unseasonal rainfall and higher import duties could pose headwinds even as the data supports potential rate cuts by the central bank in coming months.