India’s retail inflation tumbles to record low of 0.25% in October

India’s consumer price index inflation plunged to just 0.25 % in October, down sharply from 1.44 % in September and far below the 6.21 % reading from a year earlier. The unexpectedly weak print highlights easing price pressures and provides room for the Reserve Bank of India to consider rate cuts. Market participants noted that subdued inflation will ease consumer cost burdens and could accelerate monetary loosening, supporting growth and investment across sectors. 

The low print may also relieve margin pressure for companies.