New Delhi: Economist Surjit Bhalla has said inflation is on its way down despite a rise in inflation by 0.05 per cent.
Inflation for the week ending February 24 was slightly above market expectations.
The figures stood at 6.10 per cent against 6.05 per cent the previous week.
The rise in inflation by 0.05 per cent has been mainly attributed to some manufactured products including cement, chemical products like capsules, vitamins and antibiotics, steel wire, and zinc ingots, which remained costlier.
The annual inflation rate calculated on a point-to-point basis was 4.18 per cent during the corresponding week of 2006.
However, Economist Surjit Bhalla says inflation is on its way down so the Government should not impose more policies to curb it.
“Inflation is already a happened event – that is we had inflation and now we are heading back to 4-4.5 per cent level – so why make stupid noises and policies to curb inflation,” said Bhalla.
Comments
0 comment