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August CPI falls to 5.05%; July IIP contracts by 2.4%

August consumer price index (CPI) fell sharply to 5.05 percent year-on-year from 6.07 percent in July, thanks a sharp fall in food prices, which enjoy about 50 percent weight in the inflation basket, government data released today showed.

first published: Sep 12, 2016 05:41 pm

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