Snapping a fortnight-long rise, food inflation fell to 8.53% in the week ended April 23 as pulse prices eased, even as Finance Minister Pranab Mukherjee called for global efforts to reign in volatility in prices.
Food inflation was 8.76% in the previous week. However, the rate of price rise of food items is much lower now than the 20.91% reported in the corresponding week of last year. Experts, however, said global commodity prices, mainly of crude oil, would have further impact on the country
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