INFLATION FALLS TO 11.99 %

After staying over 12% for 12 weeks, inflation for the week ended September 20 moved down to 11.99%, following a drop in prices of primary articles. In the week before, the year-on-year inflation was 15 basis points higher at 12.14%.While the wholesale price index (WPI)-based inflation has moved below the 12% mark, it still remains way above 3.5% for the corresponding week last year. Inflation has touched a high of 12.64% on August 9.