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(From Press Trust of India)
"Government and RBI are committed to price stability and moderate inflation," Chief Economic Advisor Ashok Lahiri said reacting to the rise in inflation to 4.24 per cent during week ended October one.
He expected the average annual inflation to remain below the RBI projected 5-5.5 per cent in this fiscal.
Earlier, Finance Minister P Chidambaram had assured that inflation would be within tolerable limits although there could be moderate impact of domestic oil price hike on the overall price level.
Surge in prices of vegetables, edible oil along with other food items, industrial fuels and manufactured products …