Inflation dips further to 8.90 per cent

The inflation dips further to 8.90 per cent for the week ended November 8. The inflation was recorded previous week was 8.98 per cent. Inflation has been decreasing significantly and will be a god sign for the economy.

The slide of the inflation rate will be great respite for the country and the government. As inflation blues would be a difficult task to manage the vote bank for many parties.Recently, the Deputy Chairman of the Planning Commission of India, Montek Singh Ahluwalia said the inflation had been softening and this would be soften further.

The global crisis would be the major cause of concern for the economy. The inflation however may ease the pressure of high prices in the market. The impact of the global crisis on the stock trading and market need to be checked at this time.