Enter Keyword and Search

Inflation dives to nine-month low of 6.84%

with 0 Comment

Inflation dives to nine-month low of 6.84%
A cut in petrol and diesel prices pushed inflation down to 6.84 per cent, the lowest in nine months, even as the Finance Ministry said this could help further ease interest rates in the economy.
Inflation, measured by wholesale price movement, dipped by 1.16 per cent for the week ended 6th December from the previous week, triggering demands from the industry for further cuts in key policy rates by the Reserve Bank.
Inflation, which touched a peak of 12.91 per cent in August, has fallen for the sixth straight week mainly on account of fall in crude prices in the international market.
Per barrel crude prices have dipped to about USD 40 from a high of USD 147 in July. The fuel index itself has dipped by 3.7 per cent in the week under review.
Apart from fruits and vegetables, prices of imported edible oil, rice bran oil and coconut oil declined. Prices of chemicals and chemical products declined, and those of transport equipment and parts also turned cheaper.

D K Joshi, Principal Economist, Crisil, said, "I expect the RBI's policy to remain aggressive. It might go for further rate cuts. By March, I expect the rate of inflation to come down to 2-3 per cent."

Recent Stories...


90Paisa - Dedicated to Central Government Employees and Pensioners. As and when orders amending the rules are published by the Government, the amendment orders will be published in our blog immediately. Readers are requested to refer to the source link is given at the end of the post.
All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. 90paisa accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog.
Links to other websites that have been included on this blog are provided for public convenience only.
90paisa is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.
10 crore viewers…90 Paisa Blog touches new heights
Making a Mark Achieved 100 Million Page Views - "Central Government Employees News" Blog
We are proud of our latest accomplishment – 90Paisa Blog, the first ever blog for Central Government employees, has now crossed 10 crore hits!!!
From the bottom of our hearts, we express our sincere gratitude to all our patrons who have been supporting us all along.

Civilian Pay Matrix

Defence Pay Matrix

Popular Posts

Ever Green Posts

Ever Remembering Pots..!

Recent Posts