Thursday, July 24, 2008

Inflation Rate goes down

The inflation rate has gone down by .02% last week. This is a good news for Indian people especially the middle class Indians. But the inflation rate should come down more. In March it was around 5% but now it is close to 12%. This massive increase in the inflation is due to price hike of the crude oil in the global market. But experts say that poor economic policies of government are also responsible for the price hike. So now the inflation rate has started to see the down slope and many are hoping that this must continue in the future also. I am keeping my fingers crossed.

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