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India’s CPI Slows More Than Estimated as Food Prices Ease

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India’s retail inflation slowed more than economists had estimated after central bank Governor Raghuram Rajan held one of Asia’s highest interest rates for a fourth straight meeting.

Consumer prices rose 6.46 percent in September from a year earlier, the slowest pace since the index was created in January 2012 and compared with 7.73 percent in August, the Statistics Ministry said in New Delhi yesterday. The median of 42 estimates in a Bloomberg survey had been for a 7.11 percent gain.