Retail inflation likely to stay negative excluding gold: SBI

The retail inflation excluding gold is expected to remain negative over the next two months, accirding to a report by SBI Research, highlighting an unusually low-inflation environment in India.

- ANI

India's CPI inflation moderated to an all-time low of 0.25% year-on-year in October this year, largely driven by declining prices in food and beverages. Vegetables, pulses, and spices continued to fall, while fruit and oil & fat inflation also moderated. Gold prices, however, drove up personal care and effects inflation to 57.8%; excluding gold, headline CPI turned negative at -0.57% yoy