
- India’s Consumer Price Index (CPI)-based inflation dropped to a four-month low of 4.87% in October.
- This is the second consecutive month within the Reserve Bank of India’s target zone of below 6%.
- In September, CPI-based inflation was 5.02%, while it was 6.83% in August 2023.
- Food prices, a significant component of the CPI basket, moderated, contributing to the decline in October’s inflation.