Planning Commission Deputy Chairman Montek Singh Ahluwalia today projected the headline inflation to remain below 7% during March.
"We will get the March (inflation) number sometime in the middle of April. I think we will have inflation possibly below 7%," Ahluwalia said.
After declining for five months, wholesale price index (WPI) inched up again to 6.95% in February due to costlier pulses and vegetables.
Headline Inflation, as measured by the Wholesale Price Index (WPI), stood at 6.55% in January. In February last year, it was 9.54%.
The surge in the headline inflation assumes significance because this may refrain Reserve Bank of India from cutting short term borrowing and lending rates in its mid-quarter monetary policy review tomorrow for keeping a tab on prices.
The other important development this week is the surprise surge in the industrial growth to 6.8% in January as against 2.5% in December.
Growth in factory output growth, as measured by the Index of Industrial Production (IIP), was however higher at 7.5% in January 2011.
