Former RBI Governor C Rangarajan today said the inflation, which rose to 3.58 per cent in October, may ease by December and end up below 4 per cent by the end of the current fiscal.
Rangarajan said he thinks this is the end of the season when prices rise as far as food articles are concerned.
There will be a seasonal decline in food prices by next month.
"Therefore I believe that, now that the monsoon has also been good, the food prices may come down rather than further rise," the former governor of the RBI told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.