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This is an archive article published on August 3, 1998

Inflation remains unchanged

NEW DELHI, Aug 2: The annual rate of inflation remained virtually unchanged at 8.06 per cent for the week ended on July 18 compared to 8....

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NEW DELHI, Aug 2: The annual rate of inflation remained virtually unchanged at 8.06 per cent for the week ended on July 18 compared to 8.08 per cent in the previous week.

Inflation, based on the wholesale price index WPI, had touched a 136-week high last week on sustained increase in prices of primary food articles like vegetables.

During the week, inflation declined marginally by 0.02 percentage points to 8.06 per cent provisional from 8.08 per cent P in the previous week.

Inflation was exactly half of the current figure at 4.03 per cent in the corresponding week last year. The rate of increase in prices has been on the rise ever since it touched 3.47 per cent on September 27, 1997.

 

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