Food inflation close to double digits, grave concern: Pranab

Rise in inflation mainly due to a rise in prices of potatoes, pulses and poultry

PTI | September 29, 2011



Finance minister Pranab Mukherjee on Thursday described the latest rise in food inflation toward the double-digit mark as an area of "grave concern".

"Food inflation has gone up and it is perilously close to double digits... Food prices are an area of major and grave concern," he told reporters here.

Food inflation jumped to 9.13 per cent for the week ended September 17 from 8.84 percent in the previous week, mainly due to a rise in prices of potatoes, pulses and poultry.

As per Thursday's data, prices of gram, masoor, arhar, urad and poultry firmed up on an annual basis. Potato prices, too, firmed up by about 15 per cent on an annual basis.

In the week ended September 10, food inflation declined to 8.84 per cent from 9.47 per cent in the previous week.

"These fluctuations are taking place and it is one of the areas of grave concern," Mukherjee told reporters, adding, "(Food inflation)... is perilously close to double digits."

The WPI for non-food articles has come down sharply from 17.42 per cent to 12.89 per cent during the week. "As a result, WPI inflation in primary articles has declined. But fuel and power, light and lubricants, they have also contributed (to rising inflation)," he said.

Comments

 

Other News

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter