Government’s prudent GST reforms are showing a favourable impact on the economy, which is reflected in softening of headline inflation, along with base effect, said Mr. Rajeev Juneja, President, PHDCCI, in reaction to inflation data released by government. Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of October, 2025 over October, 2024 stood at 0.25% (Provisional), according to the data released by the Ministry of Statistics & Programme Implementation. The record-low food inflation of the current CPI series at -5.02% (Provisional) is the major contributor to lowest headline inflation of the current CPI series he said. To further bolster the impact of this period of low inflation, thrust should be laid on building infrastructure and logistics projects, strengthening agriculture supply chains to avoid food price spikes, and prioritizing technology-driven productivity gains in manufacturing and services, he added.