Mumbai, November 13:

Falling commodities prices continued to cool India’s inflation, which was on a 13-year high, the Ministry of Commerce said today.

The wholesale price index — India’s most-watched inflation measure — eased to nine per cent for the week ending on November 1, down from 10.7 per cent for the prior week.

It was the first time inflation has slipped to a single-digit rate since hitting a high of 12.4 per cent in the week ending on August 2. This time last year, inflation was 3.4 per cent.

Goldman Sachs downgraded economic growth forecast for India to 6.7 per cent for fiscal year 2009.