Pranab says concerned about high core inflation

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

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.

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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.