Maintaining price stability has always been a priority for the Government.
As there was pressure on prices of some of the essential commodities from the second half of 2006-07, a series of measures were undertaken to contain inflation.
These included fiscal measures and administrative measures by the Central Government; direct measures to augment domestic availability of essential commodities by importing these through the PSUs besides monetary measures initiated by the Reserve Bank of India.
The rate of inflation has significantly moderated in recent months. The headline inflation measured in terms of the Wholesale Price Index (WPI) declined to 3.0 per cent in October 2007. Inflation measured in terms of Consumer Price Indices also declined in September and October 2007.
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Press Information Bureau Government of India
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