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Inflation due to food items shortage: Pranab Mukherjee

Published: Tuesday, Dec 1, 2009, 18:38 IST
Place: New Delhi | Agency: Reuters

The current trend in inflation is a result of a shortage of food items and not due to a demand-push factor, finance minister Pranab Mukherjee told parliament on Tuesday.

The food articles index rose an annual 15.6% as at November 14, up from the previous week's 14.6% rise. The weakest monsoon since 1972 and then floods in parts of the country have hurt farm output and pushed up food prices.

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