New Delhi, Jul 17 (PTI) Inflation is expected to remain subdued on account of good monsoon and the inability of the industry to raise prices, Assocham 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 India and other government 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 inflation outlook remains quite muted at least till festival season,” it added.
This is published unedited from the PTI feed.