Inflation remains negative for 5th straight week

The annual rate of inflation stood at -1.21% for the week ended July 4, as compared to -1.55% for the previous week June 27, and 12.19% during the corresponding week of the previous year. The Wholesale Price Index (WPI) for "All Commodities" for the week ended July 4, rose by 0.7% to 236.4 from 234.7for the previous week. The Government announced that it had revised inflation in week to May 9 to 1.56% from 0.61%.

The index for Primary Articles group remained unchanged at its previous week’s level of 258.5. The index for 'Food Articles' group declined by 0.2% to 253.6 from 254.0 for the previous week. The index for 'Non-Food Articles' group rose by 0.3% to 237.7 from 237.0 for the previous week.

The index for Fuel, Power and light group rose by 3.1% to 338.2 from 327.9 for the previous week on account of higher prices petrol (10%), high speed diesel oil (7%) and light diesel oil (4%).

The index for Manufactured Products group rose by 0.2% to 206.1 from 205.7 for the previous week. The index for 'Food Products' group rose by 0.5% to 234.0 from 232.8 for the previous week. The index for 'Beverages Tobacco & Tobacco Products' group rose by 0.9% to 304.3 from 301.6 for the previous week.