India’s inflation rate rises marginally to 0.7 percent (Lead)

May 8th, 2009 - 1:52 pm ICT by IANS  

New Delhi, May 8 (IANS) India’s annual rate of inflation rose marginally to 0.7 percent for the week ended April 25 from 0.57 percent the week before, official data showed Friday.
Among the three main commodity groups, the indices for manufactured products and primary articles rose 0.3 percent and 0.2 percent, respectively, during the week under review.

The index for fuel, power, light and lubricants remained unchanged at its previous week’s level of 323 (provisional).

The inflation rate based on official wholesale price index had declined for eight consecutive weeks to 0.27 percent for the week ended March 14, but marginally rose to 0.31 percent for the week ended March 21.

It then declined for two consecutive weeks, before rising again for the next three weeks to stand at 0.7 percent for the week ended April 25.

Between April 18 and April 25, the wholesale price index rose 0.2 percent to 230.7 from 230.2 the week before, as per the provisional data released by the commerce and industry ministry.

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