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NEW DELHI - The overall inflation situation will be manageable if the declining trend in food inflation continues for the next 3 months, Finance Minister Pranab Mukherjee said on Thursday.
India's headline inflation has stayed stubbornly above 9 percent for a year but with the annual food price index declining for two consecutive weeks in December, overall inflation is expected to ease.
A Reuters poll of 27 economists showed that headline inflation probably fell sharply to 7.50 percent year-on-year in December from 9.11 percent in the previous month, helped by easing food prices.
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