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While headline inflation is expected to be ultra-low, economists warn that core inflation may have risen further to 4.5-4.7% in October, mainly because of the sharp rally in gold prices.

India’s retail inflation likely hit a record low of 0.3% in October, driven by continued food deflation, the statistical effect of a favourable base, and the impact of goods and services tax (GST) cuts, according to a Mint poll of 16 economists.

The economists projected inflation in the narrow range of 0.16% to 0.58%. If their projections prove accurate, this will be the lowest print under the current series, which includes inflation data from January 2014. Retail inflation data is scheduled to be released on Wednesday.

Source : https://www.livemint.com/economy/retail-inflation-record-low-0-3-october-falling-food-prices-gst-cuts-vegetables-fresh-food-import-duties-11762763350064.html