Finance Minister Pranab Mukherjee today said inflation pressure would ease further on the back of good monsoon. Speaking to reporters outside Parliament, Mr Mukherjee expressed confidence that good monsoon will ensure moderation of inflationary pressure. He also said, the government and the Reserve Bank are working in tandem to contain prices.His comments came after release of data which reported headline inflation for July at 9.22 per cent, down from 9.44 per cent in June. The finance minister said the measures taken to remove supply constraints in some of the agricultural products and the monetary policy adopted by the RBI will help bring about moderation of inflationary pressure. Planning Commission Deputy Chairman Montek Singh Ahluwalia said there is slight decline in inflation. Mr Ahluwalia said its good that it is gradually declining.
News On AIR | August 16, 2011 4:58 PM
Inflation pressure to ease further: Pranab