Inflation will be between 6.5-7.5 per cent in 2012-13: Pranab - NewsX

Finance Minister Pranab Mukherjee said he is "confident" headline inflation would remain between 6.5-7.5 percent throughout the fiscal year 2012/13. nflation moved up to 7.55 per cent in May because of spurt in prices of potato, pulses and wheat, although onion and fruits showed a declining trend. Inflation, as measured by the Wholesale Price Index (WPI), was 7.23 per cent in April. In May last year, however, it was 9.56 per cent.

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