FI Dips Substantially

India’s food inflation slowed to the lowest level in almost four years, boosting the central bank’s scope to pause record interest-rate increases.

An index measuring wholesale prices of agricultural products rose 4.35 percent in the week ended Dec. 3 from a year earlier, the commerce ministry said in a statement in New Delhi today. The increase is the least since February 2008 and compares with a 6.6 percent gain the previous week.
 

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