New Delhi, Oct. 9 -- India's retail inflation is likely to have cooled to 1.5% in September from 2.1% in August, mainly due to the statistical effect of a favourable base and easing of prices in some food items, according to 15 economists polled by Mint. The partial impact of cuts in goods and services (GST) cuts in the latter part of the month may have also helped.

If the economists' projections prove accurate, this would be the lowest reading since June 2017, when inflation was 1.46%. This would also become the second instance of inflation slipping below the lower bound of the 2-6% target band set by the Reserve Bank of India (RBI).The official data is scheduled for release on 13 October.







In September 2024, food inflation had ju...