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Inflation in negative for third straight week at -1.3%

Inflation in negative for third straight week at -1.3%
PTI
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First Published: Thu, Jul 02 2009. 01 10 PM IST
Updated: Thu, Jul 02 2009. 01 10 PM IST
New Delhi: Inflation stayed negative for the third week in a row, at -1.3% for the week ended 20 June, even as prices of food like fruit and vegetables rose as compared to last year during the same period.
This is the third week in a row that inflation remained in negative territory with the index being -1.14% for the week ended 13 June.
Inflation for the corresponding week last year stood at 11.91%, a time when price rise was a major cause for the government’s concern.
During the week ended 20 June, prices of food articles like fruit and vegetables rose by 0.6% and non-food articles by 0.3%. Among non-food articles the prices of fodder, groundnut seed and raw wool rose by 4%, 2% and 4%, respectively.
However, prices of food items like tea and fish marine declined by 4% each, and jowar by 3%.
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First Published: Thu, Jul 02 2009. 01 10 PM IST