Tuesday, May 15, 2012

India to take steps to contain food inflation: Mukherjee


Finance Minister Pranab Mukherjee gestures during a news conference in New Delhi May 27, 2009. REUTERS/B Mathur/Files

NEW DELHI | Mon May 14, 2012 2:12pm IST
(Reuters) - The government plans to take appropriate measures to contain food inflation, Finance Minister Pranab Mukherjee told reporters on Monday.

"Food inflation is a matter of concern," he said, adding additional cold-storage facilities and institutional support were required.
(Read main story, Inflation accelerates to 7.23 pct, adds to RBI headache, click here)
India's inflation accelerated in April to 7.23 percent as food prices rose 10.49 percent on year, highest in a year, compared with a 9.94 percent rise in the previous month.(curtsey : Reuters)
Rupesh Yatesh Dalal
Head Research Department



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