Just yesterday I said that these types of fluctuations take place, sometimes weekly fluctuations, sometimes monthly fluctuations. Price rise is always, particularly of the essential commodities and food, a matter of grave concern.
A pick up in food inflation in the latest data is part of inflationary fluctuations, the finance minister said on Thursday, in a further attempt to calm market jitters over soaring food prices.
"Just yesterday I said that these types of fluctuations take place, sometimes weekly fluctuations, sometimes monthly fluctuations," Pranab Mukherjee said. "Price rise is always, particularly of the essential commodities and food, a matter of grave concern."
Mukherjee had said on Wednesday that he expected inflationary fluctuations in the next three months or so, but the overall trend for prices was to moderate.
India's food price index rose for a second straight week to 17.05 percent and the fuel price index climbed 11.61 percent in the year to Jan. 22, government data on Thursday showed.
"Mukherjee points to 'inflationary fluctuations' as reason behind high food prices", PTI, New Delhi, Feb 3, 2011
ReplyDeleteA pick up in food inflation in the latest data is part of inflationary fluctuations, the finance minister said on Thursday, in a further attempt to calm market jitters over soaring food prices.
ReplyDelete"Just yesterday I said that these types of fluctuations take place, sometimes weekly fluctuations, sometimes monthly fluctuations," Pranab Mukherjee said. "Price rise is always, particularly of the essential commodities and food, a matter of grave concern."
Mukherjee had said on Wednesday that he expected inflationary fluctuations in the next three months or so, but the overall trend for prices was to moderate.
India's food price index rose for a second straight week to 17.05 percent and the fuel price index climbed 11.61 percent in the year to Jan. 22, government data on Thursday showed.