May 21, 2011 8:32 PM

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Country will continue to face inflationary pressure: FM

Finance Minister Pranab Mukherjee today said that the country will continue to face inflationary pressures due to the high global commodity and oil prices.Talking to reporters on the sidelines of the 63rd annual general body meeting of Indian Banks Association in Mumbai, Mr. Mukherjee said inflationary pressures have no predictability or a certain direction. It is too unpredictable, nobody can comment on how these will behave.However Mr. Mukarjee said his government along with the Reserve Bank are trying to achieve higher growth and bring down inflation to acceptable level.

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