Overview
- India’s October CPI fell to 0.25%, the lowest since the series began, led by double‑digit declines in vegetables and pulses and the effects of September’s GST rationalisation.
- The RBI’s inflation forecasts have repeatedly overshot this year, drawing scrutiny of its model as economists say the latest print widens scope for a December cut, though robust growth argues for caution.
- UK inflation eased to 3.6% in October, with the ONS citing smaller year‑on‑year increases in gas and electricity after Ofgem’s cap changes as the main driver.
- UK core inflation slipped to 3.4% and services to 4.5%, and analysts say the data strengthens the case for a Bank of England rate cut in December ahead of the Nov. 26 Budget.
- ONS chief economist Grant Fitzner flagged hotels as an additional downward driver and noted food prices rose from September’s dip, underscoring mixed pressures beneath the headline fall.