Inflation rises to -0.95% on high food prices

Inflation rose to -0.95 per cent for the week ended August 15 from -1.53 per cent in the previous week on the back of rising food prices.

The wholesale price index (WPI) based inflation remained negative for the 11th consecutive week since June 6 mainly on high base. It was 12.82 per cent for the corresponding week last year.

Prices of inland fish shot up by 25 per cent over the previous week, eggs became dearer by 10 per cent, masur dal was costly by 8 per cent, milk price went up by 5 per cent, and fruits and vegetables became expensive by 3 per cent.

 

While the index of fuel, power, light and lubricants remained unchanged over the week ending August 15, the index of manufactured products rose by 0.1 per cent led by manufactured food products that rose by 0.7 per cent.