Finance Minister Pranab Mukherjee today showed confidence that the economy shall be soon relapse to 9 % growth rate but recognized mounting prices as a chief concern, even though inflation has turn down to 8.6 % from double digits in June.

For India, the perfect inflation rate shall be 4-5 % even though it might be tough to achieve, the minister expressed while inaugurating the Economic Editors' Conference here.

Mukherjee expressed that he shall be trying to fetch it down by whatever mechanism they have. It shall be perfect if they have 4-5 %, although may be tough. But he does notice that annualized inflation rate shall be approximately 6 %.

Inflation, which has come out as a huge political subject, was 8.6 % in September. The food inflation was 15.53 % for the week ending October 9.

Attributing inflation mostly to increasing food prices, Mukherjee expressed that in conditions of consumer price indices (retail prices), inflation in the 3 main groups that are industrial workers, agricultural labor and rural labor have drawn closer falling to single digit level.