Inflation is momentary and will improve as season changes: Anurag Thakur

Thakur is taking inputs from the industry and listening to their demands in the run-up to the 2020 Union Budget.

Even as retail inflation in the country peaked to 7.35 per cent at a five-and-a-half year high in December last year with economic growth lagging below five per cent, the Centre feels it is momentary and will ease in the coming months.

The Centre is of the view that several initiatives taken by the government in the past few months and its preparation to combat inflation and the growth slowdown in the forthcoming Budget will help normalise the situation to a large extent.

At an event jointly organised by various industry bodies, Minister of State (MOS) for Finance and Corporate