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WPI inflation to trend downwards over next 2-3 months: Chidambaram

Source : REUTERS
Last Updated: Fri, Dec 14, 2012 10:51 hrs
India's Finance Minister Palaniappan Chidambaram speaks during a news conference in New Delhi

India's wholesale price index-based inflation is expected to trend downwards in the next two to three months, Finance Minister P. Chidambaram said on Friday.

"WPI inflation seems to be trending downwards... Our expectation is that it will continue to trend downwards over the next two to three months," Chidambaram told lawmakers in the lower house of Parliament.

India's wholesale inflation cooled to its weakest pace in 10 months in November, a positive sign for the struggling economy but probably not a big enough slowdown to persuade the central bank cut interest rates next week.





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