NEW DELHI: India’s wholesale price inflation could cross 10 percent by end-March, depending how food prices behave in the next two weeks, federal chief statistician Pronab Sen told Today.
The monthly index touched a 14-month high of 8.56 percent in January, leaping over the central bank’s end-March target of 8.5 percent.
When asked whether this could force the central bank to act, Sen said: “As far as monetary action is concerned, the real worry is non-food inflation and that has now gone up above 5 percent.” “I think the RBI will have to look at it.
Tags: central bank, chief statistician Pronab Sen, price inflation
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