Retail inflation cooled to a record low of 0.25% in October, driven by a sharp drop in food prices and lower taxes on essential goods, government data showed on Wednesday.

The latest consumer price index (CPI) print was well below expectations and marks the lowest reading since the current CPI series began in 2015, which uses 2012 as the base year.

Retail inflation for September was revised down to 1.44%, further highlighting the steady easing trend over recent months.

“The decline in headline inflation and food inflation during October 2025 is mainly attributed to the full month’s impact of the reduction in Goods and Services Tax (GST),” the government said in a statement.

In late September, the government slashed GST rates on hundreds of mass-consumption items, including dairy produc

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