Food Inflation Rate touches to 11.4 per cent

"Of course it (food inflating) is a concern," said the Finance Minister Pranab Mukherjee to reporters on Saturday. Mukherjee held meeting with chiefs of Public Sector Undertakings(PSU) banks. The food inflation shot up to 11.4 per cent for the weekended July 31. Its was on single digit couple of weeks back.

The inflation is the major concern for the nation and it directly affected the budget of household. The variation in the interest rates to tame the inflation by the RBI will have impact on the Indian economy and stock market. The food inflation will have impact on the agriculture market and its products. And the impact on the agriculture sectors would be high.