India Oct CPI inflation at series low Oct CPI at 5.5%YoY vs 6.5% in Sep came marginally lower than consensus at 5.7%. The core CPI marked a series low at 5.86% (Sep core at 5.9%).
Price momentum at 0.1%MoM was tracking the decline in food prices. The core momentum inched up to 0.4%MoM tracking higher housing price momentum.
The food, beverages and tobacco index (49.7% weight in overall CPI) marked a 0.1% MoM fall largely due to lower vegetable, fruits and sugar prices.
Source: Excel Investment Counsel