Food for thought: inflation up 15.5% | business | Hindustan Times
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Food for thought: inflation up 15.5%

business Updated: Nov 26, 2009 21:37 IST
HT Correspondent
HT Correspondent
Hindustan Times
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The country is reeling under the impact of a steep rise in a number of food items, pummelled by a supply crunch in staple items such as potatoes, cereals and pulses.

Official data shows that wholesale prices of food articles have grown by 15.58 per cent this year for the week ending November 14.

The Opposition parties on Thursday attacked the government in the Lok Sabha over the skyrocketing prices of essential commodities, and alleged that Congress rule was synonymous with price rise.

Initiating a debate in the the lower house on the subject, senior BJP leader Murali Manohar Joshi expressed apprehension that the government’s wrong policies were leading to food scarcity and price rise.

“I caution you (government) if our country is dependent on import of foodgrains, then we are putting the nation’s sovereignty at stake.”

On an average, the prices of vegetables have increased by nearly 62.42 per cent since March this year.

Prices of other essential items like pulses and onion have risen by more than 25 per cent in the wholesale market.

Samajwadi Party chief Mulayam Singh Yadav felt the price rise had spiralled out of the government’s control due to the machinations of a handful of hoarders and middlemen. He also blamed a lack of coordination between different ministries.

Yadav also blamed about 100 top business families of the country for the problem.

“When the Prime Minister is himself a noted economist, then why is he not able to control price rise,” the SP leader asked.

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