Apart from the fact that such large stocks add to carrying costs, and therefore subsidies, for the government, there are implications as far as inflation is concerned. While WPI inflation for food articles has come down from 10.63% in May to 6.62% in October, this hides the large inflation in rice and wheat. For rice, WPI inflation rose from 4.89% in May to 7.46% in June, all the way up to 12.41% in September before moderating a bit to 11.40% in October. For wheat, WPI inflation rose from 6.75% in May to 19.78% in October (with just a minor dip in July). Not surprisingly, then, that an agriculture expert like Ashok Gulati who heads the Commission for Agriculture Costs and Prices is on record saying that the government stock needs to be in the markets, not in FCI godowns. A point reiterated by Planning Commission member Abhijit Sen, when he says that in the case of rice and wheat it is government stocking that is the main problem. Add to this the inflationary impact of rising MSPs and programmes like MGNREGA, and it appears the government is responsible for a large part of Indias inflation problem.