Indias food inflation lowest among 15 developing nations

New Delhi: | Updated: Jun 1 2008, 02:44am hrs
India has been better off in managing food inflation, compared to several other developing countries in 2007-08. This happens even as the Centre faces public and political anguish over sharp rise in prices. Prices of food articles rose by 5.8% in India, the lowest increase among 15 developing countries for the period ending February 2007-08, a joint report of the Organisation for Economic Cooperation and Development (OECD) and Food and Agriculture Organisation (FAO) has said.

Food prices showed the highest increase at 25.6% in Sri Lanka, followed by Kenya at 24.6% and China 23.3%, the report entitled Agriculture Outlook 2008 said. A record foodgrain production estimates at 227.32 million tonne during 2007-08, against 217.28 million tonne last year has helped India keep food inflation under control, experts said.

PTI