BJP today alleged that wrong economic policies and inefficient administration of the UPA Government are responsible for the price rise in the country. Speaking at a party function in New Delhi today, the BJP President, Nitin Gadkari said that food grains worth more than 58000 crore rupees are wasted in the country due to lack of proper storage facilities. He demanded that essential items should be taken out from the commodity exchange trading. He said inflation in India is much higher as compared to China, Hong Kong, USA and European countries.