Food inflation crosses 15% on costlier cereals and milk

Food inflation reached 15.10% for the week ended September 4 as cereals, select vegetables and milk became costlier after rains disrupted the supplies. This figure, though not exactly comparable to the previous week’s 11.47% because it is calculated on the new series with 2004-05 as the base year, justified the RBI’s move to raise its [...]