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Indian inflation eases as food prices fall

India’s main inflation rate has fallen to the lowest level in more than two years.

The report for January showed that wholesale prices rose at an annual rate of 6.55 percent, down from 7.47 percent in December.

Falling food prices have helped to ease the overall inflation rate and economists say the central bank now has greater scope to lower the cost of borrowing.
 

(Source: BBC News)