India’s Food Inflation Rate Exceeds 9% for Sixth Straight Week
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India’s food inflation rate exceeded 9 percent for a sixth straight week, maintaining pressure on the central bank to raise interest rates tomorrow.
An index measuring wholesale prices of farm products including rice and wheat rose 9.47 percent in the week ended Sept. 3 from a year earlier, the commerce ministry said in New Delhi today. It gained 9.55 percent the previous week.