New Delhi, Dec. 10 -- India's retail inflation likely inched up to 0.8% in November from a record low of 0.25% in October, largely driven by fading base effects, a Mint poll of 20 economists showed. While inflation is expected to have bottomed-out in October, prices pressures are expected to remain weak both in foods (due to a good monsoon and harvest) and non-foods (due to GST cuts and possibly weak demand).

The economists projected inflation, as measured by the consumer price index (CPI) would be in the range of 0.5-1.0%. If their projections prove accurate, this will be the fourth time in five months that inflation comes in below the lower end of the 2-6% target band. Retail inflation data is scheduled to be released on Friday.

"CPI ...