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Article: OIL PRICES A CAUSE OF CONCERN FOR MODERATING INDIAN INFLATION.
- Article from:
- AsiaPulse News
- Article date:
- July 28, 2008
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NEW DELHI, July 28 Asia Pulse - With the food and metal prices more or less stabilising, there are concerns over possible impact of global oil rates on inflation even though they have marginally eased, a key Finance Ministry aide said.
"Difficult part (for inflation) is oil. Experts are not clear whether oil prices will decline in future as well even though it has declined in a week," Chief Economic Advisor in the Ministry of Finance Arvind Virmani said here.
He said behaviour of global oil prices in the next 3-6 months will have an important bearing on inflation.
After continuously rising for two months, inflation slightly declined to 11.89 ...