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NEW DELHI, Nov 8: India’s inflation rate fell to its lowest level in more than five years as food staples such as fruits, vegetables and sugar declined, official data showed on Thursday.
Wholesale price inflation declined to a new low of 2.97 per cent for the year ended October 27, compared to 3.02 per cent in the previous week, according to India’s most watched cost-of-living index.
Annual inflation was 5.46 per cent a year ago but has gradually dropped from two-year highs of nearly seven per cent earlier this year.—AFP
