Inflation will be tamed: Chidambaram
Finance Minister P Chidambaram said inflation will be tamed and food prices will come down sooner than other prices.business Updated: May 02, 2008 14:29 IST
Finance Minister P Chidambaram on Friday said inflation will be tamed and food prices will come down sooner than other prices.
"The inflation will be tamed; food prices will come down sooner than other prices," he said on the sidelines of a function here.
The annual rate of inflation has touched 42-month high of 7.57 per cent for the week ended April 19, up from 7.33 per cent a week ago.
The government, he said, has already procured 154 lakh tonnes of wheat and 230 lakh tonnes of rice.
Pointing out that the prices would come down, the Minister said, "People need to have patience and have faith in the Government".