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India expects food inflation to slow in coming months, government report says

  • India expects food inflation to slow due to a bumper summer crop harvest, remaining "cautiously optimistic" about economic growth, according to a government report.
  • Key food prices showed early November trends indicating moderation, though geopolitical factors may still impact inflation and supply chains, the report stated.
  • Consumer food price inflation decreased notably from 4.1% in September to 2.8% in October 2024, marking the lowest level since May 2019.
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