Continuing its fall for the third consecutive week, the inflation dipped to 6.73% for the week ended December 11, mainly due to cheaper vegetables and fuels, after remaining over 7% since July. The point-to-point wholesale price index (WPI) inflation was down by 0.29%, to a 21-week low in the latest reported week, from the previous level of 7.02%. It was 5.80% in the year-ago period.The Reserve Bank of India, in its report yesterday, said with the easing of oil prices and improved rabi crop, inflation was expected to moderate over the coming months in line with 6.5% projection made in the mid-term policy review and Finance Minister P Chidambaram's assertion that "worse is over" on the price line.
