February 3, 2011 9:18 PM

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Centre reviews price rise situation

The government on Thursday reviewed the price rise situation in the country. It considered various options to contain rising prices of essential items.The Cabinet Committee on Prices (CCP), presided by the Prime Minister Dr. Manmohan Singh, met in New Delhi to take stock of the food inflation. While no official comment was available about the outcome of the CCP meeting, a source said that high milk prices, among other things, came up for discussion.Driven by high prices of vegetables, fruits, milk and eggs, food inflation increased for the second week in a row, to 17.05 per cent for the week ended January 22.Although vegetable prices are likely to moderate in the coming weeks, experts believe that rates of protein-based food items like milk, fish and egg are expected to remain firm. Among vegetables, onion prices on annual basis rose by 130.41 per cent in the third week of January, although they have moderated considerably in the recent days.

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