Rising global commodity prices a big worry: FM

Finance minister Pranab Mukherjee on Friday said volatility in capital inflows and hardening of commodity prices is a “source of worry” for major emerging markets, including India.

Finance minister Pranab Mukherjee on Friday said volatility in capital inflows and hardening of commodity prices is a “source of worry” for major emerging markets, including India.

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“The major emerging market economies are experiencing robust growth, though volatility in capital inflows and inflation, including from the hardening of global commodity prices, is a source of worry,” Mukherjee said at an IIF event on Friday.

In recent months, crude oil has seen significant surge in prices. Crude oil prices are hovering around $100 per barrel at present.