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"Our current assessment is that food inflation at the moment is too high, but there is no domestic shortage. Cereals are in a very good shape... we have more than enough stock.
With good macro management and likely good monsoon, by September-October, we will finally be able to bring price level and inflation rate down to a reasonable level", he said.
Ahluwalia was speaking to reporters after the Regional Consultation of Planning Commission with Southern States on the Approach paper to the 12th Plan.