The deputy chairman of India’s planning commission, Montek Singh Ahluwalia, on Wednesday said inflation would fall within a few months.
The latest government data showed annual wholesale inflation at 7.83 percent on May 3, a 3-½ year high, continuing a sharp rise that has been fuelled largely by food and metal prices.
The ruling coalition, under pressure to check prices ahead of state and national polls this year and next, has lowered import duties on a series of items, and curbed some exports to keep domestic prices down and supplies adequate.
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