GST likely to cool retail inflation by up to 50 bps: economists

The implementation of the goods and services tax (GST) will ease consumer price index (CPI) inflation by 25 to 50 basis points, several economists said, indicating the impact of GST on retail inflation is likely to be lower than what has been projected by government officials. The economists said this is because some items in the CPI basket fall in the exempt category while a reduction in tax rate…