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    HomeNewsBusinessEconomyHigh consumer inflation due to cyclical problems: Subbarao

    High consumer inflation due to cyclical problems: Subbarao

    India's annual consumer price inflation picked up in June to 9.87 percent, after slowing for three straight months. However, RBI Governor Duvvuri Subbarao says at demand level, inflation has come down

    August 01, 2013 / 12:38 IST

    Reserve Bank of India Governor Duvvuri Subbarao said on Thursday high consumer price inflation is due to cyclical and distributional problems.

    Also Read: IIP, CPI inflation continue to disappoint: Angel Broking


    India's annual consumer price inflation picked up in June to 9.87 percent, after slowing for three straight months.


    However, at demand level, the inflation has come down, he said. Some sacrifice of growth in the short-term is inevitable while trying to bring down inflation, he added.

    first published: Aug 1, 2013 12:38 pm

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