Although the rising prices of crude oil has been a major factor (on which government has no hold) in the price rise in recent weeks, it has put the policy planners, finance ministry and the Reserve Bank of India, into a dilemma as to whether to sacrifice the economic growth to check price rise.
Amid speculation that general elections are not far away, the government is taking every possible measure to keep the prices under check and also not to derail the economy from high growth trajectory.
So far as the rise in inflation in fuel, power, light and lubricant category is concerned, the Finance Minister said "unless crude prices decline I am afraid we are stuck with high inflation in that group."
