India's inflation falls for second week
AFP, New Delhi
India's inflation rate fell in the week to December 4 for the second consecutive week, thanks to lower oil and food prices, the government said Friday. The easing will provide some relief to the government which has been under fire over rises in the cost-of-living. The Wholesale Price Index, India's most widely-tracked price monitor, slipped more than a quarter of a percentage point to 7.02 percent for the week ended December 4, new data showed Friday. It stood at 7.30 percent the previous week. The wholesale price index has been hovering for months at over seven percent, up from just 4.32 percent in late April. However, inflation is down from an August peak of 8.74 percent.
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