Inflation dips to 10.68%

India’s headline inflation, as measured by wholesale price index (WPI), stood at 10.68% for the week ended October 18 this year, as compared to 11.07% for the previous week. The annual rate of inflation was at 3.11% a year- ago. The three major commodities group showed a decline in the week ended October 18, 2008, according to Business Standard. This is a great respite for the economy. During the time of liquidity crisis the downfall of the inflation is an advantage for the government and the people. On the contrary there may the cut in fuel prices as the global crude has been trading at lower and lower day by day.