India Food Inflation Climbs to Three-Week High on Fruits, Onions
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India’s food inflation accelerated to a three-week high, adding pressure on the central bank to raise interest rates next week.
An index measuring wholesale prices of agricultural products rose 8.76 percent in the week ended April 16 from a year earlier, the commerce ministry said in a statement in New Delhi today. The gain in the previous week was 8.74 percent.