CPI inflation was 4.39 per cent in September 2016 when I ended my term, down from 10.5 per cent in September 2013 in the beginning of my term.* We were well on our way to meeting the third signpost on our glide path, 5 per cent inflation by March 2017 (which was indeed achieved by my successor). As I ended my tenure, I thought it was very important to communicate once again the reasons why we fought inflation, and why the battle could never be fully over, and why the fight needed to continue.
