Inflation declines to -1.55 pc | business | Hindustan Times
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Inflation declines to -1.55 pc

business Updated: Jul 09, 2009 12:46 IST
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Inflation further declined to minus 1.55 per cent for the week ended June 27 even though prices of food items like pulses, fish marine, and fruit and vegetables turned expensive.

The wholesale price index stood at (-) 1.30 per cent in the previous week, while in the corresponding week a year ago the rate was as high as 12.03 per cent.

During the week, prices of fish marine were dearer by 10 per cent, arhar, fruit and vegetables by 2 per cent each while urad and moong rose by 1 per cent each.

Prices of butter and imported edible oil also became costlier by one per cent each in the said period.

However, prices of cast iron casting, steel ingots and other metal products and some chemical items got cheapers. Prices of fuel items remained unchanged during the week.