date:Apr 16, 2013
Providing some relief to common man, softening vegetable prices pulled down inflation to over 3-year low of 5.96 percent in March, raising hopes of rate cut next month by the Reserve Bank to boost economic growth.
This is the lowest level of Wholesale Price Index (WPI) inflation since December 2009 when it was 4.95 percent.
Inflation based on the WPI stood at 6.84 percent in February. In March 2012, it was 7.69 percent.
Food inflation, which has 14.34 percent share in the WPI basket, declined