India aiming at 4.0-4.5 pct inflation: Chidambaram

Finance Minister P Chidambaram says India aims to bring down inflation to 4.0-4.5 per cent, urging states to maintain adequate supplies of food for ensuring price stability.

India aims to bring down inflation to 4.0-4.5 per cent, Finance Minister Palaniappan Chidambaram said on Tuesday, urging states to maintain adequate supplies of food for ensuring price stability.

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"The recent spell of inflation was largely due to the spurt in prices of primary articles ... that includes, apart from metals, food articles," he told a meeting of state chief ministers.