October inflation likely hit 12-month low, below RBI target: Poll
Indian retail inflation likely slowed to its slowest pace in 12-months in October after food and fuel costs fell, keeping the official consumer prices gauge below the central bank`s medium-term target for a third consecutive month, a Reuters poll found.
The key factors driving inflation are muted fuel and food prices. Both factors should keep monetary policy on a slightly sombre note," said Shashank Mendiratta, economist at ANZ Bank. Image courtesy: Reuters