Inflation to fall further: Ahluwalia

Inflation rate will come down further but the impact of the global slowdown will spill over into the next fiscal year, a senior government official said on Friday.

“I have said it is going to come down. It may come down even further,” Montek Singh Ahluwalia, deputy chairman of India’s Planning Commission, told reporters referring to inflation.

India’s wholesale price index, its most widely watched inflation measure, rose 6.84 per cent in the 12 months to Dec 6, sharply below the previous week’s annual rise of 8.0 per cent, as lower fuel prices took some steam out of price pressures.