India's Inflation Gauges Start Telling the Same Story: Chart

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.

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