India: Inflation continues to slip, now at -1.55pc
New Delhi, Jul 9: Continuing to drop for the fourth consecutive week, India's inflation rate for the week ended Jun 27 is at -1.55 per cent. However, the experts predict that the hike in fuel prices will arrest this slide.
The wholesale price index has been falling since the week ended Jun 6 and the current rate fell to the low of -1.55 from the previous rate of -1.30.
The price index for primary articles rose 0.3 per cent, that of fuel and power remained at its previous week's level of 327.9. And the price index for manufactured products declined by 0.1 per cent.