India says inflation pressures warrant govt, RBI vigilance
NEW DELHI, Aug 22 (Reuters) – Inflationary pressures in India caused by global uncertainty and domestic disruptions will require greater vigilance by the government and the Reserve Bank of India, the finance ministry said in its monthly economic report on Tuesday. The ministry’s comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed. “Global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months, warranting greater vigilance by Government and the RBI,” the government said. The finance ministry expects price pressures to abate thereafter. “The price