Inflation may come down by seven percent in March: Rangarajan

C Rangarajan, chief of Prime Minister's Economic Advisory Council opined on Saturday that the spiraling inflation is likely to come down by seven percent around March 2011 and also the prices of essential commodities would be stabilised. He acknowledged that high inflationary trends had led to skyrocketing prices of food commodities breaking the backbone of the average Indian households but the situation might soon be under control.