Tax cuts on 400 mass-consumption items, coupled with subdued prices for vegetables, fruits and eggs helped push retail inflation to a record low.
Food inflation stays in negative zone
Food inflation remained negative at -5.02%, as prices of vegetables, cereals and pulses eased amid improved supplies and favourable weather. Vegetable prices fell 28% year-on-year, while pulses and spices declined by 16% and just over 3%, respectively. Clothing and footwear recorded only a 1.7% annual rise, thanks to GST rate cuts.
Fuels hope of further rate cut in December
* Inflation stood at 1.44% in Sep and 6.21% in Oct 2024. The figure this Oct was the lowest in the
current series (base year 2012), which tracked data since Jan 2014
* The record low inflation raises hopes for another round of rate cut, when the RBI monetary policy
committee meets in Dec
8.56% The Oct inflation in Kerala - the highest among all states.
Tailpiece
Got up at 5, sent all the messages, switched on the hymns on the home theatre, lit up the lamp in the puja room and opened up the house for the day.
Walked on the road in front of our house and recited my prayers.
Breakfast followed by bath after work on the laptop.
Lunch, watched television.
Lekha goes for the Lord's darshan at a half past 3, does marketing and returns.
A quiet evening.
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