Food costs are pushing wholesale inflation higher, helping to narrow a gap with consumer-price growth that was complicating the central bank’s job.

Reserve Bank of India Governor Raghuram Rajan cut interest rates four times last year. Economists are forecasting just a quarter-point cut in 2016 as he looks to hit a 5 percent CPI target by early next year.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE