Food Inflation growth is a concern for Government

by khalid on 04/02/2011 · 0 comments

Government is very much concern about the rise in Inflation data for the week ended 22nd January 2011. India’s wholesale price index (WPI) based food inflation climbed to 17.05%, up from the previous week’s 15.57%. Vegetables as a whole became dearer by 77.05% on an annual basis followed by fruits (15.47%), egg, meat and fish (15.05%) and milk (11.41%). Finance minister Pranab Mukherjee expressed “grave concern” and assured steps to moderate it but the common man don’t believe on his words as for the last some months, he just assures the public but not able to take right steps to nab the inflation.

Food inflation had stood at 20.56% during the same period a year ago.

Egypt crises is also going to play a big role in coming weeks as crude oil prices have started increasing and that could lead to another petrol price hike. And due to Petrol price hike, prices of all the commodities will increase.

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