Inflation falls to 11.44 per cent

New Delhi, Oct 16: The annual inflation fell to 11.44 per cent for the week ended Saturday, Oct 4 against 11.80 per cent for the week ended Sep 27.

The wholesale price index is forecast to have risen 11.86 per cent in the 12 months to October 4, having posted a rise of 11.80 percent in the previous week. In early August, the inflation rate was 12.91 per cent, the highest reading since annual numbers in the current data series became available in April 1995. It jumped into double digits after a hike in government-controlled retail fuel prices in June.

Analysts said inflation has probably already peaked, and may now embark on a downtrend, but the base effect was likely to play a key role in the next few weeks.

OneIndia News