Inflation stayed under one percent for a ninth week, giving the central bank room to maintain record-low interest rates and support economic growth. Wholesale prices rose 0.48 percent in the week ended on May 2nd. Economists predicted 0.30 percent gain only.
During the week, the prices of ragi were up by a whopping 17 per cent, tea by two per cent, pulses by 0.4 per cent and vegetables by 3 per cent.
Among manufactured food products, processed fish turned dearer by more than 42 per cent over the last year and sugar, khandsari and gur went up about 26 per cent.
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