Surging food prices have finally slowed and inflation is now on the decline, thanks to the recent bumper wheat harvest, a sharp decline in sugar prices and expectations that the spread of this year's monsoon over India will result in a good year for the country’s farmers.
The inflationary slow-down is a relief to the government, which began to lose popularity as the overall inflation rate hit a two-year high of 6.7 per cent earlier in 2007, with food prices climbing to over 10 per...
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