Inflation not a serious concern: Montek

India’s inflation is not as serious a concern as it was two months back, the deputy head of the government’s economic plan panel said on Thursday.

“I have been saying that inflation has moderated as a result of policies the government followed and as a result of international developments and therefore it is not as serious a concern as it was two months ago,” Montek Singh Ahluwalia, deputy chairman of the Planning Commission said.

India’s annual inflation rate eased to a 4-½ month low in mid-October, official data showed on Thursday. The wholesale price index rose 10.68 percent in the 12 months to Oct. 18, below 11.07 percent a week earlier and a peak of 12.91 percent in early August.