The inflation rate in the Indian Economy has come down to 0.48 percent after rising for three consecutive weeks. The Wholesale Price Index (or WPI) slowed down to 0.48 percent, mainly because of fuel prices. Though international crude oil prices have increased in the last one month, it is still less than year-ago prices leading to nearly 0.8 percentage point decline in fuel index that accounts for 15 percent of the WPI. The inflation rate as measured by the WPI stood at 0.7 per cent for the previous week ended 25 April and it was 8.73 percent for the corresponding week in 2008. Continue reading Indian Economy: Inflation Rate Down to 0.48 percent →