It is interesting to see that average food inflation declined to 3.8 percent per annum during the 8-year period 2000–08 from 7.1 percent per annum in the second half of the 1990s despite higher GDP growth of 7.2 per cent per annum as against 6.7 per cent in the  1  Estimated trend based on Bai-Peron methodology covering monthly WPI data for the period 1994: April to 2013:November.
Extensive work is currently being carried out under the aegis of the Financial Stability Board to develop a framework for the regulation of global and national SIFIs and also to enhance the banks resolution regimes so as to be able to handle systemic crises in an effective and efficient way.