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Inflation data will be factored in RBI policy: Subbarao

D-SubbaraoNew Delhi, July 15 : The Reserve Bank of India (RBI) will take into account the recent increase in inflation while formulating the policy later this month, Governor D. Subbarao said Monday.

“Of course, we will take into account the inflation numbers,” Subbarao told reporters after meeting Finance Minister P. Chidambaram at his North Block office here.

According to data released by the commerce ministry here, wholesale price based inflation snapped fourth months of easing trend and increased to 4.86 percent in June as compared to 4.7 percent in the previous month.

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