New Delhi, Nov. 9 -- Consumer Price Index (CPI) is expected to settle at 6 per cent in October 2026, up from 5.54 per cent in September, with risks tilted to the upside, even as core inflation remains insulated to some extent by corporate absorption of input costs and softening gold rates, according to a research report by Bank of Baroda.

The report noted that core inflation, which excludes food and fuel, is expected to settle between 4.6 per cent and 4.8 per cent, while abridged core inflation, which further excludes pan, tobacco, gold, silver, and precious metals, is projected to inch up into the 3.5 per cent to 3.7 per cent band.

"Consumer goods companies are limiting pass-through of higher input costs to consumers to support volume ...