May 15, 2012 11:45 AM IST | Source: Reuters

India to take steps to contain food inflation: FM

The government plans to take appropriate measures to contain food inflation, Finance Minister Pranab Mukherjee told reporters on Monday.

India to take steps to contain food inflation: FM

The government plans to take appropriate measures to contain food inflation, Finance Minister Pranab Mukherjee told reporters on Monday.

Also read: Liquidity shortage may push RBI to cut CRR, says Credit Suisse

"Food inflation is a matter of concern," he said, adding additional cold-storage facilities and institutional support were required.

India's inflation accelerated in April to 7.23% as food prices rose 10.49% on year, highest in a year, compared with a 9.94% rise in the previous month.

Also read: Inflation data to fuel bearish trend in market, says PN Vijay

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