New Delhi: India's annual rate of inflation was minus 0.12 per cent for the week ending on August 29, a rise from minus 0.21 per cent the week before, according to official data released on Thursday.
The rate turned negative for the week ending on June 6 for the first time since the new wholesale price index (WPI) series started in 1995.
The inflation rate had last turned negative in 1977. Negative inflation implies that the average wholesale price level was lower during a given week, than it was in the corresponding week a year ago. It does not necessarily reflect retail prices.
The price indices for primary articles and manufacturing products rose for the week ending on August 29, while that of the fuel, power, light and lubricants remained unchanged.
The index for primary articles rose 0.3 per cent to 271.2 (provisional) from 270.4 (provisional) the week before, while the index for manufactured products rose 0.2 per cent to 207.9 (provisional) from 207.5 (provisional).
The price index for fuel and power remained unchanged to the previous week level at 343.3 (provisional).
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