FM hopeful of food prices coming down

Indian Finance Minister P Chidambaram said that the food prices would come down soon. India's inflation rate hit its highest level in 3-½ years in mid-April at 7.57 per cent. Friday's government data for the 12 months to April 19 showed the wholesale price index had risen from the previous week's 7.33 per cent and was higher than the forecast by economists of 7.38 per cent.