PMI (Purchasing Managers Index) showed weak manufacturing and service activity in October and which September's IIP (Index of Industrial Production) data released this week showed a contraction to 4.3 percent, the lowest in nearly 8 years.
Economists also said inflation would stay at above 4 per cent for some more months, owing to the low base effect.
Manufacturers raised the prices they charged by an annual 0.8%, the weakest increase since August 2016.
The largest downward influence to October inflation came from lower electricity and gas prices, which dropped 4.4 percent sequentially, as energy companies lowered their prices for standard variable tariffs in response to Ofgem's energy price cap.
It was 3.38% in October a year ago.
The inflation in fuel and light category, however, went up to 7.14 per cent as against 5.8 per cent in May.
"The sharp uptick in the CPI inflation in October 2019 has contrasted with the industrial contraction recorded in September 2019".
Further, on Tuesday, an SBI report said that GDP (gross domestic product) for Q2 may be at 4.2 percent, lower than the 6-year low of 5 percent growth seen in Q1.
This is according to the latest Consumer Price Index, which said, "Between July 2019 and August 2019, the average cost of goods and services in the CPI decreased 0.2%".
"Overall, the figures do little to change our view that inflation will spend more time below 2% than above it in 2020 and that if Brexit is delayed further, interest rates will be cut, in May 2020".
"We continue to expect the MPC to cut the repo rate by another 50 bps in the rest of FY2020 as some of the increase in food inflation is seasonal and abundant rainfall should lead to lower food prices ahead", Bhardwaj said in a note.
This was followed by a gradual fall in core inflation, a rate cut cycle that has spanned 135 basis points since February 2019.
Howard Archer, chief economic adviser to the EY Item Club, said the figures were "helpful for consumer purchasing power", but could fan expectations of a Bank of England rate cut if the economy continues to struggle.