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This is an archive article published on October 8, 2008

Inflation in single digits soon: Ahluwalia

Ahluwalia said India's inflation is likely to fall to single digits within a couple of months.

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India’s inflation is likely to fall to single digits within a couple of months, the deputy chief of the country’s planning commission said on Wednesday.

Annual wholesale price inflation has eased in recent weeks but is still close to an annual 12 per cent.

“Inflation has softened and the price graph is flat. I hope that inflation will come down to high single-digits in a couple of months,” said Montek Singh Ahluwalia.

Earlier, a senior finance ministry official had told Reuters he expected inflation to be above 10 per cent by the end of the calendar year.

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