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Inflation will moderate over time: Chidambaram

Inflation will moderate over time: Chidambaram
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First Published: Fri, Apr 25 2008. 11 46 AM IST
Updated: Fri, Apr 25 2008. 11 46 AM IST
Reuters
New Delhi: India’s headline inflation rate, which has accelarted to near three-year highs in recent weeks, will moderate over time as the impact of fiscal and monetary measures kick in, the finance minister said on 25 April.
Palaniappan Chidambaram told lawmakers in the lower house of parliament that every measure within the power of the government was been taken to calm inflation.
“I am confident inflation will moderate over time,” Chidambaram said, adding that it was being largely driven by high international commodity and food prices.
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First Published: Fri, Apr 25 2008. 11 46 AM IST
More Topics: India | Economy | Inflation | Parliament | WPI |