India 'committed' to tackling spiralling inflation
Published on Jun 17, 2014 8:11 PM
MUMBAI (AFP) - India's central bank chief said on Tuesday that tackling spiralling inflation would be a priority in the coming months, amid fears of further price rises hitting tens of millions of the country's poor.
Reserve Bank of India (RBI) governor Raghuram Rajan's comments come a day after the government said wholesale inflation had hit a five-month high in May, driven by higher food and fuel prices.
Forecasts of a weak annual monsoon that could cut crop production across the country have further fuelled inflation fears.
"I expect the next few quarters will be primarily engaged in combating inflation," Mr Rajan told reporters on the sidelines of an industry event in Mumbai.
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