Pranab says concerned about high core inflation | business | Hindustan Times
Today in New Delhi, India
Feb 25, 2017-Saturday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Pranab says concerned about high core inflation

business Updated: May 12, 2011 14:01 IST
Reuters
inflation

High core inflation is a matter of concern, Finance Minister Pranab Mukherjee said on Thursday in a statement, however, adding he expects food inflation to moderate in coming months.

India's annual food inflation in the week to April 30 slowed down to 7.70% from 8.53% a week ago, government data on Thursday showed.

Core inflation, or non-food manufacturing inflation, is a proxy for demand-driven price pressures.