New Delhi, June 15 (PTI) Concerned over high rate of price rise, the government today said it is monitoring inflation, which has crossed the 9 per cent mark.
"There is nothing to be alarmed about the current inflation...the government is taking stock of the situation and will take appropriate steps if need be," New Cabinet Secretary Ajit Kumar Seth told PTI after meeting Agriculture Minister Sharad Pawar here.
The Finance Ministry and Reserve Bank have also expressed their worries over high inflation.
The inflation, as per the data on the Wholesale Price Index (WPI), went up to 9.06 per cent in May from 8.66 per cent in April following an increase in prices of essential items like fruits, milk, petrol and manufactured goods.
RBI has hiked key policy rates nine times since March 2010 in its bid to tame inflation.