Double-digit inflation to stay till Sept
DOUBLE-DIGIT inflation is here to stay for some more time, but could trend down in September. With prices of crucial commodities like steel likely to rise further, inflation is expected to stay over 11% before it peaks around September. It is estimated that steel and steel products (used in industries like auto, housing, white goods, capital goods etc) contribute almost 21% to inflation. Cement prices are expected to remain soft, thanks to capacity addition.