India's inflation rate marginally up at 0.7 per cent | business | Hindustan Times
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India's inflation rate marginally up at 0.7 per cent

business Updated: May 08, 2009 12:27 IST

IANS
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India's annual rate of inflation rose marginally to 0.7 per cent for the week ended on April 25 from 0.57 per cent the week before, official data showed on Friday.

Among the three main commodity groups, the indices for manufactured products and primary articles rose 0.3 per cent and 0.2 per cent, respectively.

The index for fuel, power, light and lubricants remained unchanged at its previous week's level of 323 (provisional).

The inflation rate based on official wholesale price index had declined for eight consecutive weeks to 0.27 per cent for the week ended on March 14, but marginally rose to 0.31 per cent for the week ended on March 21.

It then declined for two consecutive weeks, before rising again for the next three weeks to stand at 0.7 per cent for the week ended on April 25.

Between April 18 and April 25, the wholesale price index rose 0.2 per cent to 230.7 from 230.2 the week before, as per the provisional data released by the commerce and industry ministry.