Cooling food prices send India's inflation to its lowest since 2012
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New Delhi
INDIA'S retail inflation eased to the lowest level in at least five years in May on cooling food prices, bolstering hopes for an interest rate cut by the central bank later this year.
Consumer prices rose by an annual 2.18 per cent last month, compared with a 2.99 per cent gain in April, data released by the Ministry of Statistics showed on Monday.
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