The outlook for inflation in India is uncertain in the June and September quarters, but there should be a clear downtrend in the December quarter, the chief economic adviser of the finance ministry said on Thursday. "There is a lot of uncertainty over the inflation rate in India over the next few months," Arvind Virmani said in a speech on the economic outlook in Mumbai.
Data on Friday is expected to show annual inflation jumped to 13-year high of 9.82 percent in early June, spurred by a rise in state-set fuel prices, a Reuters poll found, with some economists expecting a rate above 10 percent.
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