Thursday, December 11, 2008

Inflation at 8% from IndianMoneyPlus.Com

(My Original Blog Post: -*

Source - IndianMoneyplus.Com Inflation falls further more at 8%. Reutres Poll expected the same numbers.

Continuing its southward journey, the headline inflation fell further to 8 per cent during the week ended November 29 from 8.4 per cent a week earlier.

This is the slowest rise since mid-April when inflation was at 7.95 per cent. Inflation had surged into double digits in early June after an increase in state-set retail fuel prices, and peaked at 12.91 per cent on August 2, the highest reading since annual numbers in the current data series became available in April 1995.

However, while inflation has dropped to its lowest since April-end, the relentless rise in prices of food articles is emerging as a major concern.  Read More IndianMoneyplus.Com


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