Inflation due to food items shortage - Mukherjee
NEW DELHI (Reuters) - The current trend in inflation in India is a result of a shortage of food items and not due to a demand-push factor, Finance Minister Pranab Mukherjee told parliament on Tuesday.
The food articles index rose an annual 15.6 percent as at Nov. 14, up from the previous week's 14.6 percent rise. The weakest monsoon since 1972 and then floods in parts of the country have hurt farm output and pushed up food prices.
(Reporting by Manoj Kumar)
(For more news on Reuters Money visit www.reutersmoney.in)
© Thomson Reuters 2010 All rights reserved
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
Greek crisis sets euro zone enlargement back
The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area. Full Article
India
US
UK
