Overall inflation may recede to 6 per cent and the Reserve Bank of India (RBI) may start cutting key rates by March next year, Finance Minister Pranab Mukherjee has said.
The government data released on Thursday revealed that prices of primary food articles, which accounts for 14 per cent of the wholesale price index, jumped merely 0.42 per cent over the week to December 17 from the year-ago period.
Speaking to reporters, Mr. Mukherjee said, “If this trend continues then you will have (fiscal) year-end (headline) inflation around six per cent.”
