For the first time since the new Wholesale Price Index (WPI) series started in 1995, India's annual rate of inflation turned negative, falling to minus 1.61 percent for the week ended June 6, official data showed Thursday. The inflation rate, which was 0.13 percent in the previous week, had last turned negative in 1977.
With this, India is possibly the only country now that is recording deflation though the European region is nearing the zero rate of inflation on account of recession. The WPI for all commodities rose 0.04 percent primarily due to a rise in the indices for non-food articles, manufactured products, and fuel, power, light and lubricants, as per data released by the Commerce and Industry Ministry. after Inflection rate announcement, Indian stock market BSE and NSE Fall by 2%.
With this, India is possibly the only country now that is recording deflation though the European region is nearing the zero rate of inflation on account of recession. The WPI for all commodities rose 0.04 percent primarily due to a rise in the indices for non-food articles, manufactured products, and fuel, power, light and lubricants, as per data released by the Commerce and Industry Ministry. after Inflection rate announcement, Indian stock market BSE and NSE Fall by 2%.
what is criteria to measure inflation.....
ReplyDeleteprice are not going down in market..!!!