New Delhi, Sep 10 (Inditop.com) India’s annual rate of inflation was minus 0.12 percent for the week ended Aug 29, a rise from minus 0.21 percent the week before, according to official data released Thursday.
The rate 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. Negative inflation implies that the average wholesale price level was lower during a given week, than it was in the corresponding week a year ago. It does not necessarily reflect retail prices.
The price indices for primary articles and manufacturing products rose for the week ended Aug 29, while that of the fuel, power, light and lubricants remained unchanged.
The index for primary articles rose 0.3 percent to 271.2 (provisional) from 270.4 (provisional) the week before, while the index for manufactured products rose 0.2 percent to 207.9 (provisional) from 207.5 (provisional).
The price index for fuel and power remained unchanged to the previous week level at 343.3 (provisional).
