India’s record-low CPI (0.25% in Oct) — sector-wise impact and what to expect into the Dec 3–5 RBI MPC
India’s record-low CPI: Anchor facts: Headline CPI fell to 0.25% y/y in October 2025—the lowest in the current series—with food inflation at –5.02%. The drop reflects steep vegetable disinflation and some pass-through from late-September GST cuts. With inflation far below the RBI’s 2–6% band, street odds for a December rate cut have risen. Banks &…