Food inflation close to double digits, grave concern: Pranab

New Delhi, Sep 29 (PTI) Indian Finance Minister Pranab
Mukherjee Thursday described the latest rise in food inflation
toward the double-digit mark as an area of "grave concern".
"Food inflation has gone up and it is perilously close
to double digits... Food prices are an area of major and grave
concern," he told reporters here.
Food inflation jumped to 9.13 per cent for the week
ended September 17 from 8.84 per cent in the previous week,
mainly due to a rise in prices of potatoes, pulses and
poultry.
As per today's data, prices of gram, masoor, arhar, urad
and poultry firmed up on an annual basis. Potato prices, too,
firmed up by about 15 per cent on an annual basis.
In the week ended September 10, food inflation declined
to 8.84 per cent from 9.47 per cent in the previous week.
"These fluctuations are taking place and it is one of
the areas of grave concern," Mukherjee told reporters, adding,
"(Food inflation)... is perilously close to double digits."
The WPI for non-food articles has come down sharply from
17.42 per cent to 12.89 per cent during the week. "As a
result, WPI inflation in primary articles has declined. But
fuel and power, light and lubricants, they have also
contributed (to rising inflation)," he said.