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High-level panel likely to meet next week on steps to ease essential commodity prices

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India’s retail inflation accelerated to 7.41 per cent in September, compared with 7 per cent in the previous month. September registered a five-month-high level amid a surge in food prices. Meanwhile, the Index of Industrial Production (IIP) witnessed a fall of 0.8 per cent in August as compared with a growth of 2.4 per cent in July.

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