Planning Commission Deputy Chairman Montek Singh Ahluwalia today expressed confidence that food inflation will come down to single digit level by March-end.
"It (food inflation) is still uncomfortable but I'm glad it's coming down. I remain of the view that when the March data becomes available, inflation will be well below what it is now," Ahluwalia told PTI on the sidelines of a conference on 'Recreating South Asia'.
When asked whether food inflation will come down to single digit by March-end, Ahluwalia replied, "Yes. It will."
Food inflation rose marginally to 11.49% for the week ended February 12 from 11.05% in the previous period, driven by rising prices of milk, egg, meat and vegetables.
The marginal rise in food inflation for the seven-day period ended February 12, snaps a fortnight of consecutive decline during the weeks ended January 29 and February 5.
The headline inflation, however, has remained above 8% for quite some time. It was 8.23% in January.
