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October CPI inflation slumped to an unbelievable record low of 0.25 percent. Although driven by a sharp fall in food prices, there was moderation across segments of the economy, barring gold and silver that have witnessed a blinding rise.

The biggest relief is the downward trajectory in food prices, led by falling prices in fruits, vegetables and pulses. The more sticky core inflation edged up slightly from 4.3 percent in September to 4.4 percent in October. But if one were to exclude intoxicants, gold and silver, October’s cor

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