NEW DELHI (Commodity Online) : India’s inflation rate continued to stay in negative territory fo0r the thirteenth week in a row.

According to official figures from the Commerce Ministry, India’s annual rate of inflation for the week ended August 29 rose slightly at -0.12 percent compared with last week’s -0.21 percent.

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It was at 12.38 percent during the corresponding week last year.

Analysts said the higher inflation was primarily on higher prices of eggs (4%), fish-marine (2%) and moong, fruits & vegetables and milk (1% each). However, the prices of jowar, masur and gram (1% each) declined.

While prices of fodder (13%), castor seed (3%), raw rubber (2%) and rape & mustard seed (1%) declined.

There was an increase in prices of soyabean oil (3%) and rice bran oil, ghee, groundnut oil and imported edible oil (1% each) moved up.

The inflation rate had last 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.

Inflation, it may be mentioned, peaked in August 2008 to about 13 percent mainly on account of rising prices of crude oil and other commodities in the international market.

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