The fact that consumer price inflation is still high in India despite the wholesale inflation coming down is an anomaly. Not surprisingly, the culprit for this difference has been food inflation. It is not that there are no food grain stocks available. Indeed, the government has in its stocks 77 m tonnes of grain right now. So if food prices are still high, it means that there is gross mismanagement on the part of the government. Dearth of infrastructure and lack of good warehousing facilities have been some of the primary reasons why there have been supply bottlenecks. Thus despite a good crop, considerable quantity was left to rot thereby contributing to food shortage. But now ironically, the food security bill could also be another reason for higher food prices. The Food Bill is aiming to ensure that subsidized grains are given to nearly 65% of the country's population. This means that the government needs to show that it has sufficient food grains in stock to meet the requirements of the law. This effectively will make the government the largest buyer and the largest hoarder of food grains. And as long as that is the case, one should not be surprised if food prices continue to remain high.