Inflation dips to 8 per cent

The inflation has further come down to 8 per cent from 8. 4 per cent at the week ended November 29. Last week the inflation was recorded at 8. 4 per cent, While it was reported . 9 per cent before two weeks. Last year the inflation was around 3. 4 per cent, according to media reports.

The inflation rate for food articles increased marginally by 4 basis points to 10. 52 per cent in the seven days up to November 29, 2008. In the month of October 2008 the inflation rate recorded highest points and the present rate of the inflation is a significant fall.

However, the inflation is decreasing and would give a respite to the people and the economy. But it may take some time to have impact the prices of the essential commodities in the market due to the reported bottleneck policies. People have to wait some time to get the goods and services at lower price than current price, as there is fall in inflation rate and it will take time to have impact on the market.