There's no let up in rising food prices. Inflation for November clocked 4.78 per cent on Monday, higher than market expectation of 4 per cent levels, prompting finance minister Pranab Mukherjee to admit that rising food prices are a matter of concern. 
But, the government is unlikely to take any immediate measures or so, said the finance minister's top aide, finance secretary, Ashok Chawla.

The index for food articles in November has risen by 3.2 per cent compared to the previous month, while the index for food products is also sharply up by 4.7 per cent.

Acknowledging this, finance minister Pranab Mukherjee told NDTV that food prices are a big worry area for the government.

On expected lines, prices of vegetables like potatoes and onions, commodities like sugar and cereals like pulses take the lion's share in the upsurge in prices.
During the past 9 months, prices of pulses have shot up over 32 per cent, vegetables as a group have become more expensive by 65 per cent and potatoes are costlier by a whopping 140 per cent, while sugar prices have gone up by over 37 per cent.
But, according to Chawla, the problem could be explained via the base effect.

Now, all eyes are on the Reserve Bank of India’s (RBI) reaction to the figures and whether the growing food prices will come in the way of the RBI, as it looks towards finalising its exit from the stimulus measures.