New Delhi, July 23: Continuing its upward journey, Inflation rose marginally to -1.17 percent for the week ended July 11 against -1.21 percent for the previous week.
The annual rate of inflation, calculated on point to point basis, was 12.13 percent during the corresponding week of the previous year.
The firming trend was primarily due to higher prices of fish-marine, fruits & vegetables and condiments & spices, maize and rice.
Items like copra, raw silk, soyabean, raw cotton and linseed too gone up.
However, the prices of tea, wheat, raw wool and sunflower, raw rubber and gingelly seed declined.
Higher prices of aviation turbine fuel too contributed.
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. Negative inflation implies that the average wholesale price level was lower during a given week, than it was in the corresponding week a year ago.
—Agencies