Inflation will come down to 6 Pc by Dec: Montek

Says that by September, inflation will be on a steady decline

PTI | August 6, 2010



Planning Commission deputy chairman Montek Singh Ahluwalia on Thursday said inflation will come down by September and reach the comfortable level of 6 per cent by December.

"Inflation will come down by September-end. You can see that in the monthly inflation data released in mid-October for the month of September," Ahluwalia told reporters here.

"I have been consistent on this, that inflation will come down," he said.

For the week ended July 24, food inflation slipped to 9.53 per cent due to cheaper prices of vegetables, fruits and sea fish. However, wholesale price-based inflation stood at 10.55 per cent in June.

Earlier in the day, Ahluwalia said, "Inflation right now is a problem and the government recognises that... in my judgment, by the end of this year, it will not be what it is now. It will be much closer to 6 per cent, which most people regard as a comfortable level."

"What we are seeing today is not something which has not happened before," he said, adding that inflation had touched double digits in the past as well.

Yesterday, Finance Minister Pranab Mukherjee told the Lok Sabha that both the states, as well as the Centre, will have to collectively address the issue of fighting inflation and take concrete steps, including revamping of the public distribution system (PDS).

Comments

 

Other News

The Sardar biography that throws light on our times

Patel: A Life By Rajmohan Gandhi Aleph Books, 568 pages, Rs 1,199   There are many biographi

Climate change, El Niño rewrite Indian monsoon

The month of July exceeded its rainfall target despite forecasts of a below-normal month under a strengthening El Niño. The reason could be that climate change is amplifying monsoon complexity: West Pacific warming, Western Disturbances and evolving ocean conditions increasingly interact with El Ni&

Mumbai has just 1.28 sq.m. of open space per person: Study

Mumbai`s public space crisis is as much about mismanagement as it is about scarcity, and offers a governance roadmap that can be implemented without new legislation, according to a new report by the Urban Design Research Institute (UDRI) and the NGO Alliance for Governance and Renewal (NAGAR).  

Lok Sabha passes amendment bill to improve public examination system

The Lok Sabha on Wednesday passed the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026 by a voice vote after an extensive discussion. Replying to the debate, minister of state (independent charge) for science & technology; earth sciences and MoS in the PMO, Dr. Jite

Shri Abhijit Phukon (IES, 2004) appointed as Joint Secretary, Department of Agriculture & Farmers Welfare.

 Shri Abhijit Phukon (IES: 2004) has been appointed as Joint Secretary, Department of Agriculture & Farmers Welfare, Government of India. His appointment, approved by the

Shri Avanish Kumar Mishra (ISS, 2000) appointed as Joint Secretary, Department of Administrative Reforms & Public Grievances.

 Shri Avanish Kumar Mishra (ISS: 2000) has been appointed as Joint Secretary, Department of Administrative Reforms & Public Grievances (DARPG), Government of India. The appointment, approved by the Appointments

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter