NEW DELHI, Aug. 17 (UPI) -- India's inflation eased to 9.22 percent in July from 9.44 percent in June, the government said.
July's headline inflation, as measured by the wholesale price index, was an eight-month low. High inflation has been a major source of concern for Prime Minister Manmohan Singh's coalition government.
Despite the July numbers, the Economic Times quoted experts as saying they expect the country's central bank, the Reserve Bank, to continue with its money tightening policies.
The government's chief economic adviser, Kaushik Basu, cautioned inflation may still climb to double digits before coming down in December, the newspaper reported.
"By our calculation, there are still a couple of more months of relatively same level of inflation (as in July). In fact, inflation could climb a little next month ... it could be going to close to 10 percent for August," he said.
