Last Updated :
23 July 2009 at 12:05 IST
India inflation at -1.17 percent
NEW DELHI (Commodity Online) : India’s inflation rate based on wholesale price index remained in negative territory at -1.17 percent for the week ended July 11 as against last week’s -1.21 percent.
In a provisional data issued here by India’s Ministry of Commerce and Industry said the wholesale price index for all commodities used to measure the inflation, was up 0.1 per cent on a week-on-week basis, at 236.7.
The slight momentum in the rates was the result of fuel price increase, setting the stage for a rise in prices by September, analysts said.
Power and fuel index was down to 10.10 percent while primary article index was up 0.1 percent to 5 percent and manufacturing products fell 0.1 per cent.
The slight change in the index from a year earlier mainly reflects the drop in crude oil prices in recent times.
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