Indian inflation at -1.74pc; lowest in 3 decades

Posted By: Staff
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New Delhi, Aug 13: The Inflation rate for the week ended Aug 1 stands at -1.74 pc. This new low accounts for the lowest rate in three decades.

The dip was led by the rising prices of of essential food items like pulses, cereals fruit and vegetables. This week, the rates of the barley, jowar and grams rose by 2 per cent. The prices of condiments and spices, arhar and fruits and vegetables went up by 1 per cent each.

Apart from these, imported edible oil, sugar and unrefined oil got expensive too.

In the same period of 2008, the inflation rate was as high as 12. 91 per cent. The plummeting Wholesale Price Index (WPI) is becoming a huge cause of worry.

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