New Delhi, Nov. 12 -- India's retail inflation plunged to a record low of 0.25% in October from 1.44% the previous month, thanks to the statistical effect of a favourable base and continued decline in food inflation.

The latest print is broadly in line with the median estimate of 0.3% by 16 economists in a Mint poll.

This is the third time in four months that the Consumer Price Index (CPI) inflation has come in below the lower tolerance limit of the Reserve Bank of India's 2-6% target band. However, economists expect inflation to bottom out in October and begin to see a rise as the base effect fades.







The decline in inflation in October was led by deeper deflation in food items. Inflation for food items, which account for nearly 4...