Inflation

s these favorable developments are largely factored into current prices, the market is expected to await crucial incoming data before making further moves. On Tuesday, the BSE Sensex is trading down 32 points at 69,896, with L&T and Maruti each experiencing a 1% decline.

Household projections align closely with anticipated inflation in food products and services over the next three months.

This stands against the backdrop of potential recessions on both sides of the Atlantic ahead of critical elections.

In Delhi, the cost of a 19 kg LPG cylinder has surged to Rs 1,796.50, while in Kolkata, it stands at Rs 1,908. Mumbai and Chennai report prices of Rs 1,749 and Rs 1,968, respectively, for the same 19 kg LPG cylinder.

India's retail inflation in October hit a four-month low, reaching 4.87%, inching closer to the RBI's targeted rate of 4%.

Food inflation, constituting nearly half of the overall consumer price index (CPI), was at 6.71% in October, compared to 6.56% in September.

The report highlights that headline inflation has returned to a controlled state, driven by corrections in vegetable prices and recent reductions in LPG (liquefied petroleum gas) prices.