The declining inflation will touch zero per cent by the end of this month on account of cut in excise duty, strong base effect and easing of jet fuel prices, according to Axis Bank."WPI (whole price index) inflation will touch zero per cent by March end 2009, on the back of 2 per cent excise duty cut, a 7 per cent cut in ATF prices and a strong base effect," Azis Bank said in a note.
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Inflation to touch zero per cent by month-end: Axis Bank
