Encouraged by a sharp dip in December inflation, Finance Minister Pranab Mukherjee today said the declining rate of price rise indicates improvement in macro-economic parameters and projected March-end numbers at 6-7 per cent.
Headline inflation, as measured by Wholesale Price Index (WPI), fell to a two-year low of 7.47 per cent in December 2011, from 9.11 per cent in the previous month.
From: http://ping.fm/3fmCX
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