India's food inflation rate eased for the fourth consecutive week as vegetable prices continued to cool. The wholesale price index for food articles fell 1.6% to 179.5 in the week ended February 19 from 182.4 in the previous week, according to official goverment data.
The annual food inflation rate was lower as well, coming in at 10.39%, compared with 11.49% the week before. In an interview with CNBC-TV18's Latha Venkatesh, Bimal Jalan, former governor of Reserve Bank of India, said one cannot take a complacent view of inflation.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
