Date:10/05/2008 URL: http://www.thehindu.com/2008/05/10/stories/2008051060341200.htm

National

Worry about inflation: Karat

New Delhi: As inflation soared to a nearly four-year high, the CPI(M) on Friday said the government should worry if the trend was not arrested.

“Inflation is there. The government will have to worry about it if it is not brought under control,” CPI(M) general secretary Prakash Karat told reporters here.

Inflation went up to 7.61 per cent in the week ending April 26 on costlier tea, spices, fruits, vegetables and some manufactured goods.

The CPI(M) had charged the government with making a “wrong diagnosis” of the causes behind price rise. It sought a ban on futures trading in 25 commodities, saying that allowing multinational companies in speculative trading in foodgrains had “resulted in price rise.” — PTI