<p>While prices of non-processed food items declined by 1.67 per cent on weekly basis, the rates of such articles were higher by 13.34 per cent compared to the same week last year.<br /><br />Inflation could have been much higher but because of a high base of 11.49 per cent a year ago it is still below one per cent.<br /><br />Softened food prices on weekly basis might give some relief to RBI to hold policy rates in its October 27 monetary review.<br /><br />Most analysts including Prime Minister's Economic Advisory Council Chairman C Rangarajan expect inflation to breach RBI's projection of 5 per cent by this fiscal end.</p>
<p>While prices of non-processed food items declined by 1.67 per cent on weekly basis, the rates of such articles were higher by 13.34 per cent compared to the same week last year.<br /><br />Inflation could have been much higher but because of a high base of 11.49 per cent a year ago it is still below one per cent.<br /><br />Softened food prices on weekly basis might give some relief to RBI to hold policy rates in its October 27 monetary review.<br /><br />Most analysts including Prime Minister's Economic Advisory Council Chairman C Rangarajan expect inflation to breach RBI's projection of 5 per cent by this fiscal end.</p>
