Inflation will moderate, expect it to be below 6% in July: CEA

Headline inflation will come down under the 6 percent mark in July itself but will stay at an elevated level of over 5 percent for some time, Chief Economic Advisor K V Subramanian said on Thursday. Such an outcome will get the price rise back into the upper-end of the target band given to RBI, he said, adding that consumer price inflation had breached the mark for three consecutive quarters last fiscal because of supply side issues like challenges in movement of goods.

"With reasonable probability, I expect this month the (inflation) print to come less than 6 percent," Subramanian told a conference organised by industry lobby FICCI.