Inflation drops to negative at -1.61%

UPDATED ON JUN 18, 2009 07:57 PM IST
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For the first time since the new wholesale price index series started in 1995, India's annual rate of inflation turned negative, falling to minus 1.61 per cent for the week ended on June 6, official data showed on Thursday. The inflation rate, which was 0.13 per cent in the previous week, had last turned negative in 1977.

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