Food inflation eases to 16.23 per cent
Food inflation eased to 16.23 per cent for the week ended May 15 on account of a fall in prices of masur, fruits and vegetables.
A continuing surge in food prices pushed headline inflation to 7.55 per cent in May from 7.23 per cent in April, rendering it slightly trickier for the Reserve Bank of India to decide on whether to initiate monetary steps to spur flagging growth or hold the policy rates for now to contain the price spiral.