Food prices fuel inflation pressures: RBI

Mumbai : Rising food prices are fueling concerns of broader price pressures in India and the policy challenge is to address the supply-side constraints, a deputy governor at the Reserve Bank of India said on Monday.
"Since supply shocks take time to taper off, there is a risk that high inflation in essential commodities could affect inflation expectations over time and give rise to generalized inflation," Shyamala Gopinath said in a speech delivered in Bangalore on Monday.
The Reserve Bank released her speech on Tuesday.