Interim budget 2014: Food inflation still remains a worry, says Chidambaram

Finance Minister P Chidambaram has said both the government and the Reserve Bank of India (RBI) have acted in tandem to bring down price rise, even as food inflation at 8.8 per cent still remains a worry.

"Both the government and RBI have acted in tandem (to bring down inflation). While our efforts have not been in vain, there is still some distance to go," he said in Interim Budget for 2014-15.

Inflation in food articles category in January stood at 8.8 per cent. It was 13.68 per cent in the preceding month.

RBI factors both retail and wholesale price based inflation data in its monetary policy. It had increased a key interest rate by 0.25 per cent to 8 per cent in its Third Quarter Review of Monetary Policy on January 28.