Retail inflation is seen to have eased to a record low in October amidst lowering vegetable prices, a favourable base effect and cuts in the goods and services tax, which is likely to lead the Reserve Bank of India to also lower its inflation forecast for FY26.

Most analysts expect retail inflation as measured by the consumer price index at about 0.2% to 0.6% in October declining further from 1.5% in September. Official data on retail inflation will be released on November 12. Advertisement

Easing price pressures is also expected to lead the Monetary Policy Committee of the RBI to lower its inflation forecast from the current 2.6% for the fiscal. The MPC is set to meet from December 3 to 5 and October’s CPI inflation data will be the last set of retail inflation estimates released befor

See Full Page