New Delhi: Economists on Wednesday said the further softening of the CPI inflation for the month of October is owing to the government’s prudent GST reforms, which are showing a favourable impact on the economy.

The year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of October stood at 0.25 per cent (provisional).

“The record-low food inflation of the current CPI series at -5.02 per cent (provisional) is the major contributor to lowest headline inflation of the current CPI series,” said Rajeev Juneja, President, PHDCCI.

To further bolster the impact of this period of low inflation, thrust should be laid on building infrastructure and logistics projects, strengthening agriculture supply chains to avoid food price spikes, and prioritizing technology-dr

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