Thursday, December 29, 2011

Food inflation plunges to six-year low

  • Food inflation, as measured by Wholesale Price Index (WPI), stood at 1.81 per cent in the previous week. It was recorded at 15.48 per cent in the corresponding week of 2010.
  • It will also be a major incentive for the RBI to look at the option of key interest rate cuts at its next quarterly monetary policy review in January.

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