India's inflation may stay contained in coming months as commodity prices ease, govt report says

NEW DELHI: Inflation in India may remain relatively contained in the coming months as global commodity prices ease, the monthly economic report published by the Ministry of Finance said on Tuesday.

Here are some details from the report:

Easing global commodity prices, including crude oil and urea, may help reduce imported inflationary pressures.

Government interventions and adequate buffer stocks of key agricultural commodities can help manage supply risks.

India’s April-May fiscal deficit at 9.6% of full-year target

Middle East conflict and below-normal monsoon rainfall underscore the need to rethink India’s agricultural pricing policies, report says.

Pricing incentives should encourage farmers to cultivate climate-resilient crops.