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This is an archive article published on January 13, 2011

No need to panic on inflation: Pranab

Finance Minister Pranab Mukherjee said there is no need for unnecessary panic on inflation.

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Finance Minister Pranab Mukherjee said on Thursday there is no need for unnecessary panic on inflation.

Food inflation in the year to Jan. 1 stood at 16.91 percent,data on Thursday showed,easing marginally from 18.3 percent recorded in late December,which was the highest in more than a year.

High food inflation is a major headache for a government already battling multi-billion dollar corruption cases that have emboldened the opposition.

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