India’s Food Inflation Quickens, Maintaining Pressure on Rates
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India’s food inflation accelerated for the first time in four weeks, maintaining pressure on the central bank to raise borrowing costs to tame price gains.
An index measuring wholesale prices of agricultural products gained 9.13 percent in the week ended Sept. 17 from a year earlier, the commerce ministry said in a statement in New Delhi today. It rose 8.84 percent the previous week.