Monsoon cheer?
The inflation rate touched a 13-year high of 11.05 per cent for the week ended June 7, 2008. The big question now is: will the projected above-normal monsoon this year result in a bumper kharif harvest and a softening of food prices? Says B.P. Yadav, Director, Indian Meteorological Department: "We are anticipating a regular monsoon season this year with surplus rains in some parts of the country.'
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