New Delhi, July 05: The government today said food inflation, which is on a decline, will be in an “acceptable” range of 5-6 per cent in due course, on a day when the entire Opposition called a national strike against fuel price rise.
“Food inflation is going down. It will take some time before it really comes into a range which is acceptable to the government and which is good for the people,” Finance Secretary Ashok Chawla told reporters on the sidelines of a conference on state highways here.
Food inflation declined by almost 4 percentage points to 12.92 per cent for the week ended June 19. Several analysts attributed the decline to the base effect, rather than any real decline in prices.
Wholesale price-based inflation, which includes variation in food prices, crossed double digits (10.
–Agencies