New Delhi, Oct 7 (ANI): Emphasising that inflation is a matter of grave concern, Union Finance Minister Pranab Mukherjee on Friday said he was keeping in touch with Reserve Bank of India officials so that they can find an adequate solution to curb it.
"Definitely, it is a matter of grave concern, and we shall have to see that how it can be brought at a moderate level. I am constantly in touch with RBI and other experts in this area," Mukherjee told the media here.
India's food price index rose 9.41 percent and the fuel price index climbed 14.69 percent in the year to September 24, government data on Friday showed.
In the previous week, the fuel price index had risen by the same margin, while annual food inflation had stood at 9.13 percent.
The primary articles index was up 10.84 percent, compared with an annual rise of 11.43 percent a week earlier.
The RBI has raised interest rates a dozen times in the past 18 months, but headline inflation remains at more than twice the bank's comfort level, confounding expectations that it was coming to the end of its tightening cycle.
The RBI lifted its policy lending rate, the repo rate, by 25 basis points to 8.25 percent last month, in line with expectations, in a campaign that has done more to slow growth than contain near double-digit inflation.
Headline inflation in August accelerated to 9.78 percent, it's highest in more than a year, from 9.22 percent in July. (ANI)
|
|
Comments:
