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.
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."