Prime Minister Manmohan Singh admitted that tackling inflation was difficult but says the Government shall overcome.
Singh was responding to one of the several issues flaged by Girish Awasthi, President of Bharatiya Mazdoor Sangh and vice chairman of the 43 Session of Indian Labour Conference here.
“I can assure that our government is making serious efforts to moderate the inflation rates. We have difficulties but we shall overcome,” Singh said.
Earlier in his address, Awasthi had said prices of essential commodities have risen to a greater extent and the inflation has crossed 13.53 per cent.
Despite the food and general inflation rates on decline for the past few weeks, it remains quite high, giving hardship to the common man.
Despite some moderation, food inflation is still in double digits with the index hovering at 10.30 per cent for the week ended November 6.
The general rate of price rise, covering almost all the commodities, was 8.58 per cent in October.
The Reserve Bank of India has been following tight monetary policy to anchor inflationary expectations.