India's inflation raises marginally to -1.17 pc

Posted By: Staff
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New Delhi, Jul 23: The rate of Inflation stayed in the negative zone for the sixth consecutive week. It has, however, risen marginally for the week ended Jul 11 to -1.17 pc as opposed to the previous week's -1.21 per cent in the previous week.

Even though the Inflation rate has been in the sub zero level for six weeks now, the reserve bank of India is unlikely to cut the key policy rates.

According to analysts, the slight rise in the Wholesale Price Index (WPI) rate was due to the hike in fuel prices.

The primary article index was up 0.1 per cent to 5 per cent. Power and fuel index was down to 10.10 percent and manufacturing products fell 0.1 per cent.

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