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This is an archive article published on July 23, 2009

Inflation rises to minus 1.17 pct on July 11

Inflation fell 1.17 pct on July 11,compared with the previous week's decline of 1.21 per cent.

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India’s wholesale price index fell 1.17 per cent in the 12 months to July 11,compared with the previous week’s annual decline of 1.21 per cent,government data showed on Thursday.

The annual inflation rate was 12.13 per cent during the corresponding week of 2008.

The wholesale price index is more closely watched than the consumer price index,which is published monthly,because it covers a higher number of products and is released weekly.

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