Inflation to fall further: Ahluwalia

Inflation rate will come down further but the impact of the global slowdown will spill over into the next fiscal year, a senior government official said on Friday.

8220;I have said it is going to come down. It may come down even further,8221; Montek Singh Ahluwalia, deputy chairman of India8217;s Planning Commission, told reporters referring to inflation.

India8217;s wholesale price index, its most widely watched inflation measure, rose 6.84 per cent in the 12 months to Dec 6, sharply below the previous week8217;s annual rise of 8.0 per cent, as lower fuel prices took some steam out of price pressures.