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Monday, December 14, 2009

Food inflation a matter of concern - FM

Inflationary pressures on food items in India is a matter of concern, Finance Minister Pranab Mukherjee said on Monday.

Data showed on Monday wholesale price index rose 4.78 percent in November from a year earlier, higher than previous month's annual rise of 1.34 percent.

The food price index rose an annual 16.71 percent in November from a year earlier.

"There is an inflationary pressure on food items. It is a matter of concern," Mukherjee told.

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