Though inflation, as measured by the Wholesale Price Index, witnessed a marginal moderation at the level of 8.23% in January from 8.43% a month ago, the underlying trends suggest fresh cause for worry.
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Food inflation bounced back, while the recent spurt in international oil prices has begun to manifest itself domestically. Finance minister Pranab Mukherjee admitted as much and in a press release said the moderation was too little for comfort and that the fight against inflation would continue.
Graphic by Ahmed Raza Khan/Mint