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Inflation in India could top 10% by March

India's wholesale price inflation could cross 10% by end-March, depending how food prices behave in the next two weeks, chief statistician Pronab Seb said.

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Inflation in India could top 10% by March
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India's wholesale price inflation could cross 10% by end-March, depending how food prices behave in the next two weeks, chief statistician Pronab Seb said on Tuesday.

The monthly index touched a 14-month high of 8.56% in January, leaping over the central bank's end-March target of 8.5%.

When asked whether this could force the central bank to act, Sen said: "As far as monetary action is concerned, the real worry is non-food inflation and that has now gone up above 5%." 

"I think the RBI will have to look at it."

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