India's inflation to ease amid bumper harvest: ministry report

NEW DELHI, Nov. 25 (Xinhua) -- The Monthly Economic Review October 2024 released by India's finance ministry on Monday predicted a slowdown in food inflation due to a bumper summer crop harvest.

While retail inflation rose to a 14-month high of 6.21 percent in October, driven by elevated food prices from supply disruptions caused by heavy rains, the report anticipated that favorable conditions will lower food inflation in the coming months.