Much to the discomfiture of the Centre and in a further jolt to the common man, food inflation zoomed to almost a year's high at 18.32 per cent for the week ended December 25, 2010, owing to a spurt in the prices of vegetables, onions and milk. The sudden spurt in the wholesale price index-based food inflation from 14.44 per cent a mere week ago — and more than double of what it was a month earlier — has not only surprised the government but also reduced it to helplessness, saying prices are not “fully” within its control.
NEW DELHI, January 7, 2011
Food inflation zooms to 18.32 per cent
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