Indian inflation eases

The Indian government expects headline inflation to ease to seven per cent by the end of March, finance minister Pranab Mukherjee said yesterday, matching other economic forecasts. The wholesale price index, India’s main inflation gauge, marginally eased to 8.23 per cent in January but the central bank will likely keep tightening monetary policy because price pressures – which are being exacerbated by surging food costs – are still above its comfort zone.