Saturday, August 30, 2008

Inflation Rate goes down

So finally inflation rate has come down for the second time in twenty eight weeks. Though it has not made that difference in the lives of an ordinary Indian, it has certainly shows a ray of hope for the economists. Many believe that the inflation rate may come down to a desirable level in a short time. Now the crude oil rate in the international market has also come down. Crude oil price hike was mainly blamed for the inflation rate hike. Since a crude oil rate has gone down, there has been a sigh of relief from the economists. But still the situation is gloomy. The policy makers can be relaxed only when the inflation reaches below 6%. To achieve that we have to traverse through a long way. Lets hope that we attain the below 6% mark very soon.

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