India Food Inflation Quickens to 11.47%, Near a Two-Month High
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India’s food inflation accelerated to almost a two-month high, adding pressure on the central bank to raise interest rates next week.
An index measuring wholesale prices of agriculture products including lentils, rice and vegetables compiled by the commerce ministry rose 11.47 percent in the week ended Aug. 28 from a year earlier, according to a statement released in New Delhi today. It gained 10.86 percent the previous week.