NewsX Community
Related Tags:

Grocery store. Photo Courtesy: AP
Inflation negative for third week in a row
Thu-Jul 02, 2009
New Delhi / Press Trust of India
Inflation stayed negative for the third week in a row, at minus 1.3 percent for the week ended June 20, even as prices of food like fruit and vegetables rose as compared to last year during the same period.
This is the third week in a row that inflation remained in negative territory with the index being (-)1.14 percent for the week ended June 13.
Inflation for the corresponding week last year stood at 11.91 percent, a time when price rise was a major cause for the government's concern.
During the week ended June 20, prices of food articles like fruit and vegetables rose by 0.6 per cent and non-food articles by 0.3 percent. Among non-food articles the prices of fodder, groundnut seed and raw wool rose by 4 percent, 2 percent and 4 percent, respectively.
However, prices of food items like tea and fish marine declined by 4 percent each, and jowar by 3 percent.
This is the third week in a row that inflation remained in negative territory with the index being (-)1.14 percent for the week ended June 13.
Inflation for the corresponding week last year stood at 11.91 percent, a time when price rise was a major cause for the government's concern.
During the week ended June 20, prices of food articles like fruit and vegetables rose by 0.6 per cent and non-food articles by 0.3 percent. Among non-food articles the prices of fodder, groundnut seed and raw wool rose by 4 percent, 2 percent and 4 percent, respectively.
However, prices of food items like tea and fish marine declined by 4 percent each, and jowar by 3 percent.
Rate This Article:


Delicious
Digg
StumbleUpon
Propeller
Reddit
Magnoliacom
Newsvine
Furl
Facebook
Google
Yahoo
Technorati
Icerocket
Print
Comments For This Post
Post new comment