Inflation rises to -0.95% on high food prices

Inflation rises to -0.95% on high food prices
PTI
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First Published: Wed, Aug 26 2009. 07 14 PM IST
Updated: Wed, Aug 26 2009. 07 14 PM IST
New Delhi: Inflation rose to minus 0.95% for the week ended 15 August from minus 1.53% in the previous week on the back of rising food prices.
The wholesale price index (WPI) based inflation remained negative for the 11th consecutive week since 6 June mainly on high base. It was 12.82% for the corresponding week last year.
Prices of inland fish shot up by 25% over the previous week, eggs became dearer by 10%, masur dal was costly by 8%, milk price went up by 5%, and fruits and vegetables became expensive by 3%.
While the index of fuel, power, light and lubricants remained unchanged over the week ending 15 August, the index of manufactured products rose by 0.1% led by manufactured food products that rose by 0.7%.
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First Published: Wed, Aug 26 2009. 07 14 PM IST
More Topics: Inflation | WPI | Food Prices | Economy | GDP |