Inflation increases by -1.17 percent
July 23rd, 2009 - 4:59 pm ICT by ANINew Delhi, July 23(ANI): The rate of inflation has increased to -1.17 percent for the week ended July 11 against the -1.21percent in the previous week.
India’s annual rate of inflation turned negative for the week ended June 6 for the first time since the new wholesale price index (WPI) series started in 1995.
The inflation rate had last turned negative in 1977.
According to experts, the inflation continues to rise thanks to the higher prices of fish-marine, fruits and vegetables and condiments and spices, maize and rice, copra, raw silk, soyabean, raw cotton and linseed
But there is a decline in the prices of tea, wheat, raw wool and sunflower, raw rubber and gingelly seed. (ANI)
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- India's inflation rises to 8.31 per cent - Mar 14, 2011
- India's annual inflation rate rises to 0.61 percent - May 21, 2009
- Food inflation continues in the negative - Jan 12, 2012
- Food inflation dips to two-year low - Jan 05, 2012
Tags: annual rate of inflation, condiments, copra, decline, fish, fruits and vegetables, inflation rate, linseed, maize, New Delhi, rate of inflation, raw cotton, raw rubber, raw silk, raw wool, spices, wheat, wholesale, wholesale price index, wpi
