Inflation dips to 10-month low of 7.24 per cent

December 14, 2012 18:02

Inflation dropped to a 10-month low of 7.24 per cent, prompting the government to exude optimism, with Finance Minister P Chidambaram saying it could decline further in the coming months.

The declining trend might trigger an interest rate cut by the RBI to boost economic growth, which fell to 5.4 per cent in the first half of the current fiscal, from 7.3 per cent a year ago.

The decline in inflation during November from 7.45 percent a month ago and 9.46 per cent in the corresponding months a year ago can be attributed to falling prices of certain vegetables.

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