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

NEW DELHI Fri Dec 14, 2012 3:42pm IST

Finance Minister Palaniappan Chidambaram speaks during a news conference in New Delhi October 29, 2012. REUTERS/B Mathur/Files

Finance Minister Palaniappan Chidambaram speaks during a news conference in New Delhi October 29, 2012.

Credit: Reuters/B Mathur/Files

Related Topics

NEW DELHI (Reuters) - 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. (Reporting by Arup Roychoudhury; editing by Malini Menon)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage