Inflation falls for eighth consecutive week to minus 1.58%

New Delhi, August 06: India’s wholesale price index fell 1.58 percent in the 12 months to July 25, compared with the previous week’s annual decline of 1.54 percent, government data showed on Thursday.

In the previous week inflation was (-) 1.54 percent.

Wholesale price index (WPI)-based inflation was 12.53 percent during the corresponding week a year ago.

Inflation eased over the previous week despite rise in food prices including fish-marine (8 percent), arhar (4 percent), urad (2 percent), fruit and vegetables, moong, masur, mutton, wheat, and condiments and spices (1 percent each).

Prices of fuel, power, and light and lubricants remained unchanged over the previous week.

–Agencies