India's elevated food inflation limits scope for further rate cuts
Updated : December 20, 2019 02:48 PM IST
Food inflation in November rose to an almost six-year high and is seen staying around those levels over the next few months.
Dairies have raised milk prices by around 5 percent this month due to a drop in supplies.
Food inflation has long been volatile in India, a country where farming is still carried out by small households, making supply uneven and unpredictable.
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