Food inflation a concern: RBI

PRESS TRUST OF INDIA

Mumbai, Jun 29: Containing high food prices is a dominant policy concern, the Reserve Bank said today, amid expectations that it may raise short-term borrowing and lending rates next month. "The dominant concern from the last few months is food prices. It is still a central factor in macro economic...and it has created a huge challenge in terms of the impact of monetary action on control of inflation," RBI Deputy Governor Subir Gokarn said at a statistical conference here. He said that food prices are not high just because of weak monsoon and poor rainfall, and they acted as mere triggers. "There is a need to understand what is driving food prices. This is an analytical issue. The dynamics of food prices is not the result of one failed monsoon. It is just a triggering factor," Gokarn said.

Lastupdate on : Tue, 29 Jun 2010 21:30:00 Makkah time
Lastupdate on : Tue, 29 Jun 2010 18:30:00 GMT
Lastupdate on : Wed, 30 Jun 2010 00:00:00 IST



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