Inflation rises marginally to 11.98 percent

New Delhi, July 31 : Inflation has marginally risen to 11.98 per cent for the week ended July 19.

It had dipped to 11.89 per cent for the week ended July 12. Inflation had softened somewhat with prices of many essential items either declining or remaining static.

The trend for the past three weeks connotes that the rate of inflation is stabilizing a bit.

The figure for the week ended July 12 was quite in line with the rate of inflation for the week ended July 5, 2008 that stood at 11.91 per cent, marginally higher than the rate of 11.89 per cent reported earlier.

ANI