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Producer prices for food products fell by 2.4 per cent in the 12 months to May 2023, while the Food Products, Beverages & Tobacco index fell by 1.8 per cent.
According to the statement released on April 17, the fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber and plastic products, crude petroleum & natural gas and paper and paper products contributed to the decline in the rate of inflation in March.
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THE first part of this investigation, which can be read here, mentioned names of manufacturing companies that have gone into extinction in the last six years, thanks to the policies of the current administration.