"One factor that is going to affect inflation going forward is the monsoon ... Because we do have adequate stocks, we will be able to contain inflation even if monsoon does not turn out to be as good," he told reporters here.
The Indian Meteorological Department (IMD) has projected a below normal monsoon which might impact food production leading price rise.
Admitting that the "risk" to inflation is there, Subramanian expressed confidence that the government would be able to contain price rise as it did during the previous financial year.

At present, the price situation is much better with Consumer Price Index (CPI) inflation down to 5 percent and the Wholesale Price Index (WPI) remaining in the negative territory for past several months, he said.

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