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Business News/ Market / Mark-to-market/  The inflation paradox
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The inflation paradox

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How does one explain food inflation declining globally even as it remains ridiculously high in India?

Naveen Kumar Saini/MintPremium
Naveen Kumar Saini/Mint

How does one explain food inflation declining globally even as it remains ridiculously high in India? And it is not just vegetable prices that can be blamed. In September, India’s cereal wholesale prices rose 13.1% from a year earlier while the Food and Agriculture Organization’s (FAO’s) Cereal Price Index declined by 24.8%.

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Published: 15 Oct 2013, 10:08 PM IST
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