Tuesday, February 14, 2012

Inflation moderates to 2-year low of 6.55% in January

New Delhi: Headline inflation fell to an over two-year low of 6.55 percent in January on cheaper food items, which may prompt the Reserve Bank to cut policy rates in the coming months.Headline inflation, as measured by the Wholesale Price Index (WPI), had stood at 7.47 percent in December 2011. It was 9.47 percent in January last year.
The latest numbers are the lowest since December 2009 when headline inflation was at 7.15 percent.
On inflation, Finance Minister Pranab Mukherjee said that the rate of price rise was still not at an acceptable level and should fall further."I think it (inflation) should be further reduced since it is still not at acceptable level. I do hope (further) moderation will come," Mukherjee told reporters.

http://zeenews.india.com/business/economy/inflation-moderates-to-2-year-low-of-6-55-in-january_38942.html 

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