The increase in milk prices over the last few months has been the topic of hot discussion in India. The prices of milk have seen a sharp rise of 14 to 15 per cent, which is more than the inflation. Milk inflation has been the second largest factor (after cereals) in driving up retail inflation in January and February. Milk prices surged by 9.3 per cent on-year, shows the March CPI (consumer price index) data. And while cereal prices will hopefully ease; milk prices are seen getting higher.