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After 13 consecutive weeks of being in negative, the annual inflation rate of India has turned positive at 0.12% for the week ended September 5. This is a 0.24% increase from the -0.12% which was recorded for the previous week.
Te inflation rate started turning negative with week ended June 6 for the first ever time since the new WPI was adopted in 1995.
Negative inflation means that the average price levels at wholesale rates during a particular week was less when compared to its previous week. It does not necessarily reflect retail prices.
The price indices for essential commodities, power, manufacturing products, fuel, light as well as lubricants witnessed a rise for week ended Sep 5.
The index for primary articles rose 1.3 percent to 274.7 (provisional) when compared to the 271.2 (provisional) in the previous week. Similarly the index for manufactured products also rose by 0.1% to 208.1 (provisional) from 207.9 (provisional).
