For the 11th week in a row, inflation has stayed just above the zero mark and below the one per cent mark, with latest figures for price rise showing an unchanged figure of 0.61 per cent.
While there is room for the Reserve Bank of India to soften its stance on interest rates, yet that has been the case for weeks now and there has been no indication from the central bank that it may be thinking in those terms.
Among the more noticeable items that have become more expensive are urad, moong, barley, and tea, with tea jumping up by 10 per cent, the rest stayed at or under the 2 per cent figure. Others on the rising price graph were aviation turbine fuel, unrefined oil and country liquor.
But lending stability were prices of fruits and vegetables which fell by one per cent each.
The inflation figure for the same week a year ago was 8.66 per cent.
With the Finance Minister Pranab Mukherjee saying that low inflation will give the government leeway to pursue economy-galvanising methods aggressively, the chances of his Budget throwing up growth-oriented policies may just have increased.
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