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Retail inflation likely to ease by December: finance secretary
India's finance secretary, T V Somanathan, has stated that retail inflation is expected to ease by December due to more favorable seasonal factors. Despite remaining above the central bank's tolerance band, inflation has decreased from a 15-month high in July. Sharp increases in food prices have been a major contributor to inflation due to adverse weather conditions.
India's finance secretary, T V Somanathan, has stated that retail inflation is expected to ease by December due to more favorable seasonal factors. Despite remaining above the central bank's tolerance band, inflation has decreased from a 15-month high in July. Sharp increases in food prices have been a major contributor to inflation due to adverse weather conditions. 
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