As the headline inflation has already registered a minor rise in the month of September, the food items have already become costlier.

However, the rise has instantly prompted a prominent voice in the government called C. Rangarajan to urge an action on the same by the Central bank. It is to be mentioned here that the inflation level based on the revamped wholesale price index based rose to 8.62% in September from 8.51% in August.

It is expected that the inflation may force RBI to life the level of the lending rates once again in the coming times despite a weak 5.6% industrial growth in August.

Rangarajan said that the inflation is currently standing at a very uncomfortable level and the action of RBI on the same may be required soon.

One cannot deny that the RBI is already walking on a very tight rope and economy is well on course to touch the targeted 8.5-8 .75% growth in the current fiscal year. The situation is very intense and the action from RBI will certainly determine the future road map for the economy in the coming days.