NEW DELHI (Commodity Online ) : India’s inflation rate eased again to 0.7 percent for the week ended September 26 compared with last week’s 0.83 percent.

According to official data from the Commerce ministry, The widely watched wholesale price index rose by 0.7 percent in the 12 months to Sept 26, below both market forecasts and the previous week's 0.83 percent annual rise.



India's annual rate of inflation, based on the wholesale price index, declined marginally to 0.7 percent for the week ended Sep 26, from 0.83 percent for the week before, due mainly to a drop in prices of food articles.

index for primary articles was up as much as 9.49 percent during the 52-week period, that for manufactured products was up 0.48 percent. The index for fuels declined 7.91 percent, it said.

Inflation has been firming up since the week ended Sep 5 after 14 consecutive weeks of decline. It had turned negative for the week ended June 6 for the first time since the new wholesale price index series started in 1995.

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