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Rising food prices to fuel inflation again? - INTL FCStone Blog
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Rising food prices to fuel inflation again?4/30/2012 5:26 PM

“Inflation has consistently been a problem for the Reserve Bank Of India (RBI) who can do little about it. Surging food prices were a key driver of headline inflation over the past year which only began to ease towards the end of 2011, in part due to the base effect from surging prices a year earlier and declining global and domestic food prices. As a result, inflation started to ease and the RBI cut benchmark interest rates by 50 basis points .”

http://www.moneycontrol.com/news/market-outlook/rising-food-prices-to-fuel-inflation-again_698095.html