India Plan Panel Head: Expect Inflation To Ease To 6% By December
30 Jul 2010
BANGALORE -(Dow Jones)- India's inflation rate is at an uncomfortable level, but it will ease to 6% by the end of December, Planning Commission Deputy Chairman Montek Singh Ahluwalia said at a conference Friday.
The Planning Commission is India's top government think tank.
The wholesale price index-based inflation rate in June accelerated to 10.55% from a year earlier, compared with 10.16% in May, due to high food prices and steadily rising demand pressures in non-food commodities.
Economists expect the rate to accelerate more in July when most of the impact of the government's decision to raise auto and cooking fuel prices will be felt.
-By Dhanya Ann Thoppil, Dow Jones Newswires; +91-11-43563311; anant.kala dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al rnd=I2r1hqDChnw8Z4SQIuPFnA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
July 30, 2010 07:42 ET (11:42 GMT)
© 2010 Dow Jones amp; Company, Inc.
