Thursday, March 18, 2010

Food inflation eases to 16.30%

India's food-price inflation slowed to a four-month low as bigger winter crops boosted supplies of sugar and wheat.

An index measuring wholesale prices of lentils, rice, vegetables and other food articles compiled by the commerce ministry rose 16.3% in the week ended March 6 from a year earlier after a 17.81% gain the previous week, according to a statement in New Delhi today.

Source Bloomberg UTV

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