The month of December may see the inflation rate falling by 10% which
currently is over 12%. The statement came from Rajya Sabha member and
former head of the Prime Minister’s economic panel C Rangarajan.

He said on the sidelines of a Ficci seminar on financial inclusion in
New Delhi on Monday, “My estimate is that probably by December,
inflation rate may go down to 10%.”

Other than this the man is even hopeful that the continuing trend of
improvement in industrial growth, which commenced form the month of
July will continue for the coming months.

He added, “Inflation last year was moderate towards the end of
December, so base effect will heighten inflation in the current year.”

For the week ended on August 30, Inflation was firm at 12.10%. The rate
was high even when there was moderation for the third week
constantly.