印度10月通胀或创历史新低

Core Insights - India's consumer inflation rate for October is projected to drop to a historical low of 0.4% year-on-year, down from 1.54% in September according to a survey of nine economists by The Wall Street Journal [1] - High-frequency data indicates a continued contraction in vegetable prices, coupled with a favorable base effect, which may lead to a decrease in food inflation on a month-on-month basis [1] - The core inflation rate may also decline due to the transmission effects from the reduction in the goods and services tax [1] Economic Analysis - The significant drop in consumer inflation reflects a broader trend of decreasing food prices, particularly in vegetables, which is expected to influence overall inflation metrics [1] - The potential for a rise in inflation in the coming months is noted, as the majority of the decline in food prices appears to have already been realized, suggesting that base effects could push inflation higher [1]