Govt expects food inflation to slow in coming months, report says
NEW DELHI, Nov 25 (Reuters) – Government expects food inflation to slow in the coming months, backed by a bumper summer crop harvest, and remains “cautiously optimistic” on its economic growth, according to a report. “A bumper kharif (summer crop) harvest is expected to lower food inflation in the coming months,” the report said. India’s retail inflation surged to a 14-month high in October, driven by high vegetable prices. A favorable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost winter crop sowing and production, it said. “Early November trends signaled moderation in key food prices,