India's retail inflation eased to a record low of 0.25% in October, sharply down from 0.54% the previous month, according to official data released Wednesday. This is the lowest inflation rate since the current data series began in 2015, and comes amid a sustained drop in food prices as well as the effects of recent Goods and Services Tax (GST) rate cuts. The drop marks the fourth consecutive month that inflation has remained below the Reserve Bank of Indias (RBI) medium-term target of 4% and reinforces a trend that has kept inflation under the RBIs upper tolerance limit of 6% for seven straight months. Advertisement

Economists anticipated a decline, with a Reuters poll of 42 forecasters projecting retail inflation in October would fall to 0.48%. The actual figure is notably below this c

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