Indian PM worried by high food inflation

- Last updated on GMT

Related tags: India, Inflation

Manmohan Singh has pointed to rising food prices having been a ‘particular cause for worry’ in recent months.

Speaking at the closing session of the Conference of Governors in New Delhi yesterday, Singh pledged to introduce measures designed to curb the effects of the concerning trend.

Food inflation in the week beginning October 9 rose to 11.43%, largely as a result of accelerating fruit, vegetable and dairy prices.

In reaction to the latest figures, Singh stated that “in the longer term the key to tackling rising food prices lies in increasing productivity and production in agriculture and allied sectors.”

However, for the time being he has made clear that the Indian government and Reserve Bank of India “will continue to take the required fiscal and monetary measures to ease inflationary pressures.”

Related topics: Business, South Asia

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