Govt expects inflation to moderate in coming months
May 30, 2022
New Delhi [India], May 30 : Inflation is likely to come down in the coming months as the government as well as the central bank have taken the required measures to cool down the price rise, Ajay Seth, Secretary, Department of Economic Affairs, said on Monday.
"We do expect that in the coming months inflation should be moderating and whatever measures were needed from the fiscal side those measures have been taken," Seth told reporters on the sidelines of an event here.
On the measures taken by the Reserve Bank of India, Seth said, "As far as the monetary authority is concerned, RBI is also taking decisions."
He said the recent spike in inflation has been partly due to high commodity prices.
"A number of challenges that the Indian economy is facing have got their origin outside the shores of India. And one of them is high commodity price," he said.
India's retail inflation surged to 7.79 per cent in April due to a sharp jump in fuel and edible oil prices, as per the latest government data.
