Terming the double-digit food inflation as "disturbing", Finance Minister Pranab Mukherjee today said supply of food items needed to be improved to deal with the price rise.
"Food inflation has gone up ... This is really disturbing," he said.
His comments came after data showd that food inflation touched the double-digit mark after a gap of over five months. It was at 10.05% for the week ended August 20, as onion, fruits, vegetables and protein-based items turned more expensive.
"Inflation is always a matter of concern and we shall have to ensure and improve the supply of food items," Mukherjee said.
As per the official data released today, prices of onion soared by 57.01% year-on-year, while that of potato by 13.31% during the week under review.
Fruits became dearer by 21.58% and vegetables overall by 15.78 on an annual basis.
The prices of egg, meat and fish were up 12.62%, while milk and cereals became dearer by 9.22% and 4.64%, respectively.
Commenting on the latest numbers, Planning Commission Deputy Chairman Montek Singh Ahluwalia also expressed concern, but said seasonal factors have a role to play.
"Inflation is a worry... If you see the data, last year at this time food prices went down and then rose again. So, I would not be surprised of prices rise a little bit," Ahluwalia said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
