Inflation in India continues unabated

Food prices in the world’s second-largest country are up 19.95 percent from last year.  Opposition protests are growing:

Opposition lawmakers yesterday accused the government of being ineffective in tackling soaring food prices and disrupted parliament, forcing the speaker of the lower house to adjourn for the day.

Look for India’s central bank to raise interest rates after its next meeting in January 2010.

Exit question: Will rising inflation in India have any effect on the inflation rate in other countries?

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