India’s inflation rate slips to 0.13 percent

June 11th, 2009 - 1:47 pm ICT by IANS  

Mumbai, June 11 (IANS) India’s annual rate of inflation fell to 0.13 percent for the week ended May 30 from 0.48 percent in the previous week, official data showed Thursday.
The wholesale price index for all commodities rose 0.1 percent primarily due to a rise in the indices for primary articles and various manufacturing products, as per data released by the commerce and industry ministry.

While the index for primary articles rose 0.4 percent, that for fuel and power and manufactured products remained unchanged.

Among the manufactured products groups, indices for food products, paper and non-metallic minerals increased, while that for textiles, rubber and plastic products, basic metal, alloys and machinery equipment declined.

The final data for the week ended April 4 showed that the revised annual inflation rate actually stood at 0.83 percent as against 0.18 percent reported earlier based on provisional figures.

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