Moneycontrol
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.


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


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"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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