India's retail inflation likely fell to multi-year low of 0.48% in October: Reuters poll

Indias retail inflation rate likely fell to its lowest level in at least ten years in October, driven by a sharp drop in food prices and a high base effect from last year, according to a Reuters poll of economists. The survey, conducted between November 4 and 7 among 42 economists, projected consumer price index (CPI) inflation at 0.48% for October, down from 1.54% in September — the lowest since the current 2012-base CPI series began in 2015.