Food inflation further increased in India
The food inflation in India has further increased in India this week as prices of onion, potatoes, pulses and sugar have hiked.
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.