Inflation continuously falling down

Inflation came down to 8% this is 7-month low on the back of softening
food prices,strengthening the case for further interest rate cuts to shore
up the slowing economy. The wholesale price index (WPI) for the week
ended November 29 dropped to 8% from 8.4% in the previous week.
Prices of food related items came down during the week following a 1.9%
fall in the prices of fruits and vegetables. The prices of fuel and
manufactured items remained unchanged over the week.

Economists expect inflation, which peaked at 12.91% in August, to fall at
a faster pace following the recent cut in fuel prices and a 4% cut in excise
duty, so inflation may come down further it seems.

3 comments:

Rajesh said...

That is good news to common man.
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