Finance Minister P Chidambaram today ruled out lowering of support prices for farm produce or rural wages under MGNREGA to contain inflation. He said, such logic is not rational and ignores the needs of the poor. He was addressing Economics Conclave in New Delhi. Mr. Chidambaram said, the answer to contain food inflation is to increase supplies and radically transform the manner in which commodities and food articles are stored, transported, distributed and sold. He said there is also a need to deal strictly with hoarding and profiteering.RBI Governor Raghuram Rajan who also addressed the conclave, said that economy is expected to grow at about five per cent this fiscal. He hoped current account deficit will be below three per cent of GDP. He exuded confidence that the government will be able to contain the fiscal deficit at the targetted 4.8 per cent of GDP. Mr. Rajan said, the agricultural sector has picked up following a good monsoon and the country is likely to harvest a good crop.