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India CPI inflation likely falls to 0.48% in October, Reuters poll says
Reuters poll forecasts India’s October CPI at 0.
India’s consumer price index (CPI) inflation is projected to drop to about 0.48% in October, according to a Reuters poll of 42 economists, down from 1.54% in September. The expected fall is driven by a sharp decline in food price inflation and a high base effect from last year. Core inflation is forecast at 4.3%, providing the Reserve Bank of India with additional room for potential rate cuts.
Economists say supply-side risks such as uneven monsoon and import duties still warrant caution.