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Inflation likely to remain subdued: Assocham

Press Trust of India  |  New Delhi 

is expected to remain subdued on account of good monsoon and the inability of the industry to raise prices, today said.

"Going forward, there could be some disruption for one or two vegetables such as tomatoes but overall, the situation is going to remain quite comfortable for the consumers at least till October-November," the chamber said in a statement.

It said floods in some parts of the country may also play a spoilsport.

However, a vigil needs to be maintained for ensuring that farmers are protected from the market distortions and the procurement agencies like the Food Corporation of and other wings are fully geared to lift the farm produce in time and at remunerative rates, it added.

"With the country set to reap a record foodgrains production and the industry not enjoying any pricing power, the outlook remains quite muted at least till festival season," it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 17 2017. 20:42 IST