Inflation no more confined to food items: Pranab | business | Hindustan Times
Today in New Delhi, India
Jan 23, 2017-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Inflation no more confined to food items: Pranab

business Updated: Jul 20, 2010 18:35 IST
Reuters
Highlight Story

India's inflation is no longer confined to food items, Finance Minister Pranab Mukherjee said on Tuesday.

Mukherjee said inflation was a matter of concern but food inflation was likely to moderate after the summer harvest.

While the Indian economy is on track to grow at 8.5 per cent in the current fiscal year that ends in March 2011, it is grappling with a double-digit headline inflation.

At 10.55 per cent, India's annual wholesale price inflation in June remained above 10 per cent for the fifth straight month and financial markets widely expect India's central bank to raise interest rates by 25 basis points at its scheduled policy review on July 27.

<