Inflation reaches below zero
By ANIThursday, June 18, 2009
MUMBAI J - 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)
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