Prime Minister Modi Chairs Meeting on Inflation: Sources

Prime Minister Narendra Modi chaired a meeting on rising prices of essential commodities on Wednesday, government sources told NDTV.

Food Minister, Agriculture Minister, Water Resources Minister and Fertilizer Minister are in attendance at Wednesday's meeting. They are expected to make a presentation on their policies and initiatives in their respective ministries.
 
The meeting comes a day after Finance Minister Arun Jaitley convened a high-level meet to discuss issues related to inflation. (Read: Story)

The government is monitoring prices of 22 commodities and a price increase in 4-5 commodities has been noticed, Mr Jaitley had said.

Mr Jaitley also emphasised on the urgency to effectively check constraints in ensuring smooth flow of essential commodities availability in the market through de-hoarding, timely inspection, monitoring etc.

Wholesale price inflation has surged to a five-month high of 6 per cent, driven by a spike in prices of food items like potato and unions. (Read: Onion Export Price Reintroduced)

Some of the key steps Mr Jaitley outlined on Tuesday to check the rising food prices were export restrictions on potato and onion, removal of curbs on sale of fruits and vegetables, additional supply of rice and import of pulses and edible oil. (Read: Steps to Check Rising Food Prices)