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Annual inflation at 8.4%

April 10, 2009

The annual inflation for the fiscal year 2008 -2009 is at 8.4%. The rate of Inflation is decreasing ever since the economic downturn . for the 12th month of the fiscal year ,inflation has come down by 3.6% as compared to the one previous which was at a decrease of 2.6%.

Inflation is measured using the wholesale price index(wpi) , Despite the high food prices ,Wpi is on a spree of decrease . The trend seems to continue and WPI is moving towards negetive . I this should serve as a wake up call for the RBI . Lets wait for the next manetary policy on april 12th

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