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Pointed attack on inflation will need to continue: Nirmala Sitharaman
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With consumer price inflation remaining high, Finance Minister Nirmala Sitharaman has said the government is watchful of the price situation and will continue the pointed attack on inflation. Retail inflation in June eased to 7.01 per cent in June. The print was lower than 7.04 per cent recorded in May but still higher than RBI's comfort level of 6 per cent.
She stated ‘As the RBI has estimated, till the start of the second half of the year, both the central bank and the government will have to be mindful. We will have to be mindful and watchful of how the price movement is. I will keep monitoring item by item to rein in prices for anything that goes haywire. This pointed attack on inflation will need to continue.’
Besides, ‘I see monsoon being favourable to agriculture. (Farm) Production will be good and rural demand will remain intact,’ Sitharaman said, remaining cautiously optimistic about inflation.
