Food inflation falls to 12.3% in India

The food inflation is down to 12.3 per cent for the consecutive four weeks. This is a good sign of progress for the Indian economy.

The fall in food inflation is good for the economy, but at the actual price of goods and services are same.

The Government would be worried with the existing inflation and food inflation rate in India.

Experts believe the inflation might down by 6 per cent by the year end and there would be great relief to the economy.

In order to tame the inflationary pressure the Reserve Bank of India has been changing the interest rate.