For the week ended 26 Nov 2011, Primary Articles Inflation has dropped to 6.92%, the lowest since July 2009.
As you can see it’s not just the rising “base” figure of last year, but the trend in the graph points downwards.
Unfortunately since much of the data is not updated in time – some data is left unchanged for three years! – I would not be too gung ho just yet. The consumer basket, measured by the CPI(IW) and CPI (Urban), is still in double digits.
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