High inflation, a concern: Pranab
The Hindu Business Line, January 21, 2010, Page 21
Our Bureau, New Delhi
The Finance Minister, Mr Pranab Mukherjee, today said that high inflation is a matter of concern and hinted that more steps are on the cards to check rising prices.
“It (inflation) is a matter of concern. Cabinet Secretary has held a meeting and certain steps are being taken,” Mr Mukherjee told reporters on the sidelines of rural development conference here today.
Driven by high food prices, India's wholesale price index (WPI) based inflation surged to 7.31 per cent in December from 4.78 per cent in the previous month.
The Committee of Secretaries, headed by the Cabinet Secretary, Mr K.M. Chandrasekhar, had on Tuesday reviewed the situation on prices as well as availability of essential commodities. Annual food inflation for the week ended January 2 stood at 17.28 per cent, latest official data showed.
Mr Mukherjee pointed out that the Government had already liberalised imports to meet shortage of essential commodities. “We have also ensured availability of wheat and rice in the market by offloading through FCI,” he said.
The Finance Minister also said that the Government was constantly monitoring the price situation of essential commodities.
The Hindu Business Line, January 21, 2010, Page 21
Our Bureau, New Delhi
The Finance Minister, Mr Pranab Mukherjee, today said that high inflation is a matter of concern and hinted that more steps are on the cards to check rising prices.
“It (inflation) is a matter of concern. Cabinet Secretary has held a meeting and certain steps are being taken,” Mr Mukherjee told reporters on the sidelines of rural development conference here today.
Driven by high food prices, India's wholesale price index (WPI) based inflation surged to 7.31 per cent in December from 4.78 per cent in the previous month.
The Committee of Secretaries, headed by the Cabinet Secretary, Mr K.M. Chandrasekhar, had on Tuesday reviewed the situation on prices as well as availability of essential commodities. Annual food inflation for the week ended January 2 stood at 17.28 per cent, latest official data showed.
Mr Mukherjee pointed out that the Government had already liberalised imports to meet shortage of essential commodities. “We have also ensured availability of wheat and rice in the market by offloading through FCI,” he said.
The Finance Minister also said that the Government was constantly monitoring the price situation of essential commodities.
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