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Inflation should be down to 7%: PM

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.

business Updated: Feb 16, 2011 11:37 IST

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.