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Indian inflation below 3%
- India: Saturday, November 10 - 2007 at 08:05
India's inflation rate has fallen below 3% for the first time in five years due mainly to the government's refusal to raise fuel prices so far this year, reported Bloomberg. Wholesale prices rose 2.97% in the week ending October 27 but inflation would be around 1.5% higher, according to analysts, if recent spikes in crude prices were passed on to consumers. India is keeping the lid on inflation ahead of elections.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, November 10 - 2007 at 08:05 UAE local time (GMT+4)
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