By IANS,
New Delhi : Planning Commission deputy chairman Montek Singh Ahluwalia, unperturbed by India’s 16-year high inflation of 12.63 percent for the week ended Aug 9, Monday said inflation will moderate in three to four months.
“It is not important whether inflation touches the 13-percent mark but the fact that it will start moderating within three to four months,” Ahluwalia told IANS on the sidelines of a business meet.
“The actual rate of inflation is seven to eight percent. I have been saying that inflation we are currently witnessing is not going to stay for long. I reiterate that it is a short-term problem,” he said.
Ahluwalia’s optimism is in stark contrast to the finance ministry’s concern, which recently said inflation was a “matter of concern” and a “major disappointment”.