Kolkata, January 02: Finance Minister Pranab Mukherjee today said price rise is a matter of concern and hoped that with steps being taken by the government, food inflation which has shot up to 14 per cent, may come down to 6.5 per cent by March end.
“I will definitely say that price rise is a matter of concern. But that we have failed I cannot accept because in last November the rate of food inflation was 21 per cent which has come down to 8.97 per cent,” Mukherjee said at a press conference here.
Pointing that it has again shot up to 14 per cent, he said, “Definitely it is alarming. But side by side it is also true that it has come down to 14 per cent from 21 per cent.
But it is still rising. And, now there is a tendency (for upward rise).
–Agencies