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Inflation at minus 1.55 percent
India's annual rate of inflation dropped to minus 1.55 percent for the week ended June 27, from minus 1.30 percent the week before, according to official data released here Thursday.
India's annual rate of inflation 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 last turned negative in 1977.
The price index for primary articles rose 0.3 percent, while that for fuel and power remained unchanged at its previous week's level of 327.9 (provisional) while manufactured products declined by 0.1 percent.
The final data for the week ended April 25 showed that the revised annual inflation rate actually stood at 1.48 percent.
Last updated on Jul 9th, 2009 at 12:17 pm IST--IANS
Possibly related news:
- Inflation rate to average at 5 percent this fiscal: Industry (July 1)
- Inflation rate rises, still in negative zone (July 23)
- Railway freight traffic increases 5 percent (July 13)
- Yamaha India sales jump 84 percent in June (July 1)
- Delhi's power need to rise 28 percent by Commonwealth Games (July 13)
Other News Headlines
An inordinate delay of nearly 30 minutes on the Dwarka-Noida metro route Saturday morning caught people unaware, leading to snaking queues in the metro stations. Tired of waiting, a number of commuters sought refund of their tickets and took other conveyances for their onward journey.
Uttar Pradesh Chief Minister and Bahujan Samaj Party (BSP) president Mayawati has accused the central government of "deliberately delaying" the decision to withdraw the ordinance on sugarcane pricing in order to gain political
A prototype of the light combat helicopter (LCH), designed and developed by the state-run Hindustan Aeronautics Ltd (HAL), is set for its maiden flight soon, a top company official said Friday.
The six new medical colleges and two para-medical colleges coming up in Uttar Pradesh would be run under a public-private partnership (PPP) arrangement.
The Chandigarh police Friday conducted surprise raids at various cyber cafes in this union territory and found over a dozen cafes were not keeping proper records of the customers.
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