Back in August I wrote about the food supply issues in India. BBC News reports that food prices in India have risen 20% in one year, the highest rate in a decade.
The article states that "The federal finance minister Pranab Mukherjee has said the government was planning to import food to ease prices. A short supply of food due to lower farm produce following drought and floods has led to the rising prices. Overall inflation in India has risen to 4.78% in November, up from 1.34% in October. Economists say this could trigger a rise in interest rates. Correspondents say that the price rises are bound to increase concerns that poorer people in the country may be more exposed to food shortages and malnourishment".
Follow the link to read the full article.
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