Union Finance Minister Arun Jaitley has attributed the rising inflation to the hoarding of food stocks. On Monday, he said that Centre is committed to ease supply side bottlenecks and has also asked states to take firm measures against hoarders to check speculation.

On his Facebook page, the Union Finance Minister wrote, "The Government is seized of the matter and is committed to ease supply side constraints. The rise in prices of food articles can also be attributed to withholding of stocks on account of apprehension of a weak monsoon."

The Union Finance Minister said the state governments should take effective steps to ensure that hoarding is discouraged.


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