The Centre is hopeful that food inflation will come down to 6.5 per cent by March, Finance Minister Pranab Mukherjee said here on Sunday.
“The issue of price rise is certainly a matter of concern, but the Centre has not been ineffective in bringing it under control. In November [last], the rate of food inflation had come down to 9.7 per cent. Now it has again risen to 14 per cent, which is of course alarming.”
But the Centre was hopeful that the steps initiated to bring inflation under control would show results and it would decline to 6.5 per cent by March.
Earlier this week, the Cabinet Committee on Prices, headed by Prime Minister Manmohan Singh, reviewed the situation and expressed concern at the spurt in the prices of eggs, fruits, vegetables, milk and other products of daily use.
