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India inflation marginally up at -0.95 percent

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NEW DELHI (Commodity Online) : India’s inflation rate edged up marginally Wednesday but remained in negative territory.

The wholesale based inflation rate rose to minus 0.95 percent during the week that ended on August 15, from minus 1.53 per cent during the previous week.



The rise in inflation during the above said week was mainly attributed to rise in food prices.

However, the wholesale price index (WPI)-based inflation remained negative for the eleventh consecutive week since June 6. It was 12.82 per cent for the corresponding week last year.

While the index of fuel, power, light and lubricants remained unchanged over the week ending August 15, the index of manufactured products rose by 0.1 per cent led by manufactured food products that rose by 0.7 per cent.



NCDEX STEELLONGJUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
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