India's annual inflation based on the wholesale price index fell to 7.47 percent in December as compared to 9.11 percent in the previous month on the back of a decline in the prices of food products, official data showed Monday.
Inflation was at 9.45 percent during the corresponding month of 2010.
The build up inflation in the financial year so far was 4.95 percent compared to a build up of 7.12 percent in the corresponding period of the previous year, according to data released by the ministry of commerce and industry
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