Inflation reaches below zero
18 Jun 2009, 1319 Hrs

Add comment          Mail          Print          Write to Editor

Mumbai June 18 India's wholesale price index fell for the first time in thirty years and reached 1.61 percent for the week ended June 6.

It was worse than a median forecast of an annual fall of 1.52 percent.

The annual inflation rate was 11.66 percent during the same time in the previous year.

With this, India is possibly the only country that is recording deflation though the European region is nearing the zero rate of inflation on account of recession.(ANI)

Related Latest

Primary inflation declines to 0.1 percent as per new monitoring mechanism General Deepak Kapoor says India should show zero tolerance against terror Bloody Rawalpindi suicide attack toll reaches 34, over 40 injured IOC fire continues raging in Jaipur, death toll reaches 11 Cricketer Katich reaches Celebrity Master Chef semi-finals Chip fat powered scrap bus on around-the-world mission reaches Asia! World peace mission reaches Kerala RBI stresses on need to check inflation expectations Suu Kyi reaches out to military junta to ease sufferings of Burmese people NASA's MESSENGER spacecraft to zero in on Mercury's crust

Related Latest

UK ministers question future of Afghan mission India to sustain and enhance global engagements: Anand Sharma Murray bans Christmas to keep heat on rivals England won't repeat last Ashes-winning blunder in South Africa: Collingwood Personal number plates, window stickers - signs of aggressive drivers Peter Andre 'furious' with Katie Price after 'terminations' disclosure Brit couple marries 30 years after saying 'I do'! Brit student pub-crawls come under fire over booze-induced mayhem Tibetans delighted with Dalai Lama's Tawang visit Oz women executives turning to golf to climb up career ladder

• India to sustain and enhance global engagements: Anand Sharma
• England won't repeat last Ashes-winning blunder in South Africa: Collingwood
• Personal number plates, window stickers - signs of aggressive drivers
• Peter Andre 'furious' with Katie Price after 'terminations' disclosure
• Brit student pub-crawls come under fire over booze-induced mayhem

• बीकानेर महापौर चुनावः एक विश्लेषण
• Deepawali: The Festival Of Lights
• Nine tips for nine nights
• need new prevention tech for HIV, other STIs and UP
• "Good health is India's basic need": Easier said than done Mr Prime Minister!