The cumulative inflation in terms of WPI (since 1st week of April, 2007 to February 23, 2008) was 4.33 per cent during the current financial year 2007-08, which is lower than 5.98 per cent as on 24 February, 2007 in the last financial year 2006-07.
Containment of inflation remains high on the agenda of the Government. Anti-inflationary policies of the government include strict fiscal discipline, rationalization of duties of essential items, effective supply-demand management of essential commodities through liberal tariff and trade policies, and strengthening the public distribution system.
The Monetary policy of Reserve Bank of India, while being conducive to economic growth, has attempted to contain inflationary expectations arising out of uncertainties in domestic and international environment.
This information was given by Shri Pawan Kumar Bansal, Minister of State in the Ministry of Finance in the Rajya Sabha in a written reply to a question by Dr. V. Maitreyan.
Press Information Bureau Government of India
marketing@alchempro.com
