NEW DELHI (Commodity Online) : Continuing its journey towards north, India’s inflation rate moved up slightly to 0.37 percent for the week ended September 12 from previous week’s 0.12 percent.

According to an official data released here by India’s commerce ministry, the price indices for major groups like primary articles, manufacturing products and fuel, power, light and lubricants rose for the week under review.

Trading platform that even a 5 year old can trade. Join now

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.

Last week, a deputy governor of the Reserve Bank of India (RBI) said WPI inflation could hit 6 percent by the end of the fiscal year in March, above the central bank's July forecast of around 5 percent.