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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsBENGALURU - Indian retail inflation likely eased to 5.50% last month, within the Reserve Bank of India's tolerance band, on moderating food price rises and government subsidies that offset a surge in the cost of crude oil, a Reuters poll found.
Rises in food prices, which make up about half the consumer price index , continue to cool from recent peaks after the Indian government enacted a series of measures to boost supply. Forecasts ranged between 5.10% and 6.90%, with over three-quarters of respondents predicting inflation to fall below the central bank's upper end of the target range.
"Having said that, the persistent part of the food inflation problem remains there, which is cereals, pulses and spices, and I think the RBI can't do much about it anyway."
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