Sep 4, 2008

Montek Singh sees below doubt-digit inflation by fiscal year end

Montek Singh sees below doubt-digit inflation by fiscal year end


Planning
Commission deputy chairman Montek Singh Ahluwalia today said the
headline inflation rate is expected to fall to below double-digits by
the end of the fiscal year. He said the softening of global crude oil
prices is a welcome development.

Inflation hovered at 13-year high of just below 12% in mid-July 2008

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