India's CPI inflation rate 0.25% in Oct: Provisional official data

There is a drop of 119 basis points in the October headline inflation compared to September. It is the lowest year-on-year (YoY) inflation of the current CPI series.

The decline in headline inflation during the month is mainly attributed to full month’s impact of decline in goods and services tax, a favourable base effect and a drop in inflation of oils and fats, vegetables, fruits, eggs, footwear, cereals and products, transport and communication.

Headline inflation in rural areas was minus 0.25 per cent in October, as per provisional figures, while it was minus 1.07 per cent in September this year.

Headline inflation in urban areas decreased from 1.83 per cent in September to 0.88 per cent in October.

ALCHEMPro News Desk (DS)