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Sep 2, 2011

Double digit food inflation is a conern?

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The food inflation or costly food item in other words is above the double digit in India and a threat to the Indian economy.The deputy chairman of planning commission also started that the food inflation as a concern.

The headline inflation has been at around 9 per cent and the apex bank has raised the key interest rates for more than 11 times since March 2010.Both headlines inflation and food inflation, those have been escalating day-by-day and mounting pressure on Indian economy

According to a statement issue by the Commerce Ministry, the Inflation in the primary articles has increased to 12.93 per cent from 12.40 per cent in the week ended August 13.


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