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India Inflation Eases

India Inflation EasesIndia Inflation Eases

India’s retail inflation eased more than economists predicted and factory output exceeded estimates, taking some pressure off the central bank Governor Raghuram Rajan to lower interest rates. Consumer prices rose 5.52% in October from a year earlier, the Statistics Ministry said in New Delhi today, after a 6.46% increase the previous month.

 

Financialtribune.com