Inflation is expected to fall in the range of 6.2 to 6.6 percent in March this year, helped by moderation in non-food manufacturing sector and global commodity prices, according to the Economic Survey 2012-13 released Wednesday.<\/p>\n
The core inflation based on the whole price index (WPI) has remained muted in the current financial year and declined to a three year low of 6.62 percent in January 2013.<\/p>\n
\u201cThe recent increase in onion prices in January 2012 and revision in diesel prices may put some pressure on headline inflation. <\/p>\n
However, inflation is expected to continue the moderating trend,\u201d said the annual document presented in Parliament by Finance Minister P Chidambaram.<\/p>\n
Addressing a press conference after the release of the annual Economic Survey, Chief Economic Advisor to Finance Ministry Raghuram Rajan said high food inflation remains a worry for the policymakers.<\/p>\n
Unlike last year when the food price inflation was mainly driven by higher protein food items, this year the pressure has been mounting in cereals.<\/p>\n
The survey authored by Rajan points out that inflation has eased in almost all major advanced and emerging market economies in the current year.<\/p>\n
\u201cThe positive effect of continuous policy easing by the major advanced and developing countries could pose a higher risk to inflation expectations. <\/p>\n
However, in the short run, given weak growth sentiments, the impact of policy easing may not lead to a surge in inflation and inflation expectations may remain anchored around current target inflation rates,\u201d the Survey said.<\/p>\n
As per the World Bank, except for metals, most global commodity prices are expected to decline further in 2013 and 2014.<\/p>\n
\u201cThe impact of benign inflationary expectations internationally will have a moderating impact on domestic prices,\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Inflation is expected to fall in the range of 6.2 to 6.6 percent in March this year, helped by moderation in non-food manufacturing sector and global commodity prices, according to the Economic Survey 2012-13 released Wednesday. The core inflation based on the whole price index (WPI) has remained muted in the current financial year and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-162166","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/162166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=162166"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/162166\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=162166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=162166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=162166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}