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India's retail inflation slipped to a record low in October, as food prices continued to fall and the full impact of GST rate cuts funnelled through the economy.

The Consumer Price Index (CPI)-based inflation was 0.25%, compared to 1.44% in September, according to data shared by the Ministry of Statistics on Wednesday. It is the lowest year-on-year inflation of the current CPI series. Analysts tracked by Bloomberg had estimated the inflation at 0.4%.

The government attributed the decline in headline inflation and food inflation during October to the reduction in GST rates, favourable base effect and drop in prices of oils and

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