Prime Minister Manmohan Singh on Wednesday conceded that inflation has been a problem for India in recent weeks, but should come down to around 7% by year-end.
"Inflation and food inflation in particular has been a problem," Manmohan Singh said at an interaction with editors of the electronic media.
But by year-end, "inflation rate should come down to no more than 7%," he said.
He said the government wanted to ensure that the growth process is "not disturbed". It is trying to deal with inflation at a time "when we don't have all the instruments at our command".
"We have to deal with inflation despite an adverse international environment," he said.