RBI to re-visit inflation figures in January

The Reserve Bank of India (RBI) today said that it would re-visit the inflation figures in the third quarter review in January.

RBI governor D Subbarao said that for the medium-term, the inflation figure was pegged at 4 to 4.5 per cent and for the short term ending March 2011, the headline WPI inflation under the new series was at 5.5 per cent.

The inflation figure for October was 8.6 per cent, much higher than the RBI levels, he said.

"But there is still three months time for progression," he told reporters after the bank's central board meeting here.

"We will re-visit the figures in January," he said.