India Food Inflation Accelerates; Record Crops May Cool Prices
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India’s food inflation rate climbed to a six-week high, a pace that may ease as above-normal rainfall this season boosts harvests.
An index measuring wholesale prices of agricultural products including lentils, rice and vegetables compiled by the commerce ministry rose 15.46 percent in the week ended Sept. 11 from a year earlier, a report showed in New Delhi today. It gained 15.1 percent the previous week.