Pointed attack on inflation to continue, says FM Nirmala Sitharaman

The finance minister also foresees monsoon being favourable for agriculture. Production is expected to be good and rural demand is seen remaining intact

The government will have to be mindful of the movement in prices, and monitor it item by item to rein in prices, Finance Minister Nirmala Sitharaman said.

“We will have to be mindful and watchful about how the price movement is. I will keep monitoring item by item to rein in prices for anything that goes haywire. This pointed attack on inflation will need to continue,” Sitharaman said.

Data released Tuesday showed India’s retail inflation marginally easing in June to 7.01 per cent from 7.04 per cent in May, however the consumer price index-based inflation remained well above the Monetary