Mumbai: For the week ended September 1, inflation rate, which is based on the wholesale-price-index dangled to 3.5 per cent as compared to 3.79 per cent in the previous week.
In late January, annual inflation jumped to a more than two-year high of 6.69 per cent, but relented after the RBI stiffened plan and the administration slash duties on a slew of commodities in order to chill prices.