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 percent.
"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 percent by the end of the calendar year.
Annual wholesale price inflation has eased in recent weeks but is still close to an annual 12 percent.
"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 percent by the end of the calendar year.
Source: http://in.reuters.com/article/businessNews/idINIndia-35854720081008
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