High inflation concerns Indian government: PM

13:22, April 22, 2011      

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Indian Prime Minister Manmohan Singh said Thursday that persistent high inflation in the country is a cause of concern for the government.

"During the past year and a half, persistent inflation, especially in the food sector, has become a cause for concern," he told a meeting of officials for the Civil Services Day here.

India's food inflation stood at around 9 percent this month, according to latest official estimates.

"Although the situation has improved in recent months, and food inflation has come down to single digit levels, the long term solution lies in increased production and productivity in the agriculture sector," said Prime Minister Manmohan Singh.

Inflation and corruption are two major issues on the agenda of political contenders at the latest local legislative elections in some Indian states this month.

The opposition parties blamed the Congress-led government for failing to curb high inflation which they said is eating up the high economic growth fruits of the country and hurting the poor.

Source: Xinhua
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