New Delhi, Sep 24 (Inditop.com) India’s annual rate of inflation crawled up marginally by 0.37 percent for the week ended Sep 12, a rise from 0.12 percent the week before, according to official data released Thursday.
The price indices for major groups like primary articles, manufacturing products and fuel, power, light and lubricants rose for the week under review.
The index for primary articles rose 0.2 percent to 275.3 (provisional) from 274.7 (provisional) for the previous week.
Similarly, the index for manufactured products went up by 0.3 percent to 208.8 (provisional) from 208.1 (provisional) for the previous week.
The price index for fuel, power, light and lubricants rose marginally to 343.5 (provisional) from 343.4 (provisional) for the previous week due to higher prices of furnace oil, which went up by 1 percent.
The rate turned positive for the week ended Sep 5 after 14 consecutive weeks of fall. It had 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 also 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.
