Food inflation is hitting India. Basic food product prices have increased many fold due to bad monsoon and also due to bad management of export of food products. prices of basic food items like potatoes and pulses have increased many fold and is showing no downward trend.
Indian Economy is expected to grow by 7% during the current year. To maintain the growth at a higher level government surely need to contain inflation.
The inflation in food items has climbed to 19.05 percent for the week ending 26th November 2009. It was only 10.48% during the previous year.