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Headline inflation still high, says Montek Singh Ahluwalia

Earlier, the wholesale price index, India's main inflation gauge, rose an annual 9.97% in July, slower than analysts' expectations, as food inflation eased, government data showed on Monday.

Headline inflation still high, says Montek Singh Ahluwalia

India's headline inflation is still high and is not acceptable, Montek Singh Ahluwalia, the deputy chairman of the Planning Commission, said on Monday.

Earlier, the wholesale price index (WPI) , India's main inflation gauge, rose an annual 9.97% in July, slower than analysts' expectations, as food inflation eased, government data showed on Monday.

The data compared with the median forecast for a 10.39% rise in a Reuters poll and was lower than June's annual rise of 10.55%.

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