Food price inflation climbed to the highest level in six weeks, underscoring Finance Minister Pranab Mukherjee's challenge before next week's Budget.
An index measuring wholesale prices of lentils, rice, vegetables and other food articles compiled by the commerce ministry increased 17.97% in the week ended February 6 from a year earlier after a 17.94% gain the previous week, according to a statement in New Delhi today.
Mukherjee yesterday described the spurt in inflation as "disturbing" prompting economists to speculate he will raise taxes on cars, refrigerators and cement in the February 26 Budget to prevent excessive consumer demand from adding to price gains..
Source BoolbergUTV
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