Inflation dips to 12.1 per cent

September 11th, 2008 - 8:18 pm ICT by ANI  

New Delhi, Sep 11 (ANI): Inflation fell for the third week in succession to close at 12.1 per cent as on August 30 from 12.34 per cent recorded a week earlier as prices of most food articles moderated.

According to a poll on Wednesday, India’’s annual inflation rate was expected to have eased for the third consecutive week, with respite provided by softening of global crude prices.

The wholesale price index was forecast to have risen 11.96 per cent in the 12 months to August 30, lower than the previous weeks rise of 12.34 per cent, according to the median estimate of 13 economists. (ANI)

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