Food inflation went up by a notch to 16.49 per cent for the week ended May 8 and analysts expect prices to remain stuck around this level until the advent of a normal monsoon.Annual food inflation in the previous reporting week was 16.44 per cent.Analysts said food inflation would come down drastically only in the later half of the fiscal when the impact of a normal monsoon becomes visible on crops.
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With thanks : Source : Tribune
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