India's Inflation Drops to 5-Month Low in October While Rural States See Higher Rates
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India's consumer price inflation dropped to 5-month low of 6.77% in October, with edible oils and fuel becoming cheaper.
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Among major states, Odisha had highest inflation at 6.47%, while Chhattisgarh, Delhi, MP, TN, J&K had lowest inflation below 4%.
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Rural inflation was higher than national average in 7 states, including BJP-ruled Haryana and Gujarat.
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Global institutions like Goldman Sachs, Morgan Stanley upgrading India on macroeconomic stability and subdued inflation.
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Contrasts with persistent high inflation in developed countries like US, UK, Canada, Australia as analyzed by The Economist.