India’s November inflation print rose to 0.71% month-on-month, marginally above October’s 0.25% reading but broadly in line with market expectations.

Beneath the headline number, however, a clearer disinflation trend appears to be taking hold, strengthening the argument for further monetary policy easing, according to leading economists.

Speaking to CNBC-TV18, Sakshi Gupta, Senior Economist at HDFC Bank , said the latest data “reinforces the view that inflation pressures are cooling across key categories,” noting that GST rate cuts continue to suppress core and miscellaneous inflation. Core inflation excluding gold now stands at just 2.6% year-on-year, she added.

Gupta expects inflation to remain comfortably within the RBI’s target range across the next two quarters. “For Q3, we are

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