Friday, January 14, 2011

Food inflation unacceptably high; FM meet on Jan 19

STAFF WRITER 12:53 HRS IST

New Delhi, Jan 14 (PTI) Terming food inflation as unacceptably high, Finance Minister Pranab Mukherjee today said he will meet his state counterparts on January 19 to discuss ways to rein in the rising food prices.

"Food inflation at this level is not acceptable and we are trying our best to control it along with the cooperation of state governments," Mukherjee told reporters here.

He said he would be meeting the state finance ministers on January 19 to discuss among other issues, price rise.

Food inflation fell for the first time in six weeks to 16.91 per cent for the week ended January 1, but still remains high as vegetables like onion, and protein-based items turned expensive.

Rising food prices also pushed up overall inflation for December to 8.43 per cent, from 7.48 per cent in the previous month.

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