Economics
India’s Inflation Quickens, Increasing Rate Pressure
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India’s inflation accelerated as food costs increased, adding pressure on the central bank to extend last year’s fastest round of monetary tightening in Asia.
The benchmark wholesale-price index rose 8.43 percent in December from a year earlier after a 7.48 percent gain in November, according to a commerce ministry statement in New Delhi today. The median forecast of 30 economists in a Bloomberg News survey was for an 8.4 percent increase.