October CPI Inflation Bears Testimony To GST Rate Cut Benefits; Will It Give RBI More Headroom To Continue With A Soft Monetary Policy?
The declining trend in food prices continued in October as food inflation fell deeper in the negative zone at (-) 5.02 per cent from (-) 2.28 per cent in September. Food inflation has now continued to stay negative for the fifth consecutive month, bringing welcome relief to household budgets.
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