Inflation seen easing to 6-7% by March: Pranab | business | Hindustan Times
Today in New Delhi, India
Aug 21, 2017-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Inflation seen easing to 6-7% by March: Pranab

India's inflation is expected to ease to between 6 and 7% by March, finance minister Pranab Mukherjee said today, a day after data showed a sharp easing in food inflation.

business Updated: Dec 23, 2011 12:27 IST

India's inflation is expected to ease to between 6 and 7% by March, finance minister Pranab Mukherjee said on Friday, a day after data showed a sharp easing in food inflation.

Headline inflation has barely budged from above 9% for a year now, driven mainly by high food prices. Any moderation in food is expected to give relief on the wider inflation reading.

Mukherjee also reiterated that he expects growth for the 2011/2012 fiscal year to be 7.5%, with a 0.25% margin of error.