Inflation drops to 5.24%

It's good news for the economy and common men, the inflation is dropped to 5.24 per cent for the week ended January 3rd from 5. 91 per cent last week. The fall in the inflation is a good sign for the economy.

Last week the inflation was recorded a ten month low at 5.91 per cent. But last year the inflation was at 4.3 per cent. If the last year inflation rate will be considered then the current inflation rate has a rise of around one per cent.

However, the inflation has been easing from a rate of 13 years high to around 1o months low. That drop of inflation is significant. There is possibility of cut in the fuel price by the government of India. Any further cut in the fuel price would help the economy and set the market conditions that will help to stabilize the prices.