Inflation might decline by April, May: Rangarajan


Chennai: Prime Minister's Economic Advisory Council Chairman C Rangarajan said that inflation might show signs of coming down in April or May with the food price inflation coming down. "I think the inflation numbers will show some decline in the month of March but certainly by April or May. Weekly data that are available indicate that the food price inflation is coming down...," Rangarajan told reporters on the sidelines of a function here. Food inflation fell to a four-month low of 9.18 percent for the week ended March 26. WPI-based inflation was at 8.31 per cent in February this year. Since foodprice inflation was persistent for a long time, it also extended to manufacturing side and that is why, overall inflation was not coming down as fast as expected, he said.
Source: PTI