Rising Inflation is a cause of concern to Indian growth story….The food price inflation rises to double digit:
Last time the country saw such a scenario was in October 2008, when it was 11.8%; was at 3.5% in Feb last year inflation touched a 16-month high of 9.89% in February department of industrial policy and promotion (DIPP) is that, as feared by some analysts, Food inflation has stared spilling over to manufactured products.
“I would expect another month of inflation roughly like this because the base effect is going to be very strong…after that inflation should begin to die down,”- Chief economic adviser Kaushik Basu told reporters.
Source- Mint(16/Mar/10).
