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Inflation figure not in comfort zone: Kaushik Basu
By Input from Agencies  Published on: 08-Apr-2011 08:08:56
Place: Kolkata
 
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Kolkata: The Chief Economic Advisor to the Union Finance Ministry, Kaushik Basu, has said although inflation has not gone out of hand, it is still not in the government's comfort zone.

"WPI inflation figure is 8 per cent compared to 11 per cent this time last year. It is not going out of hand, but not in the comfort zone," Basu said at an interactive session here last night.

In April and May this year, it was expected that inflation would be below 8 and 7 per cent, respectively, after which it would stabilise at around 5 per cent, Basu said.

While the RBI had been following a tight monetary policy to control inflation, the government is also doing its best, he said.

Inflation figure not in comfort zone: Kaushik Basu

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