India Jul 12 WPI inflation 11.89% vs 11.91% wk earlier

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B. Karthick

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Jul 24, 2008, 12:59:59 PM7/24/08
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India Jul 12 WPI inflation 11.89% vs 11.91% wk earlier
Thursday, Jul 24
India's headline inflation fell marginally to 11.89% for the week
ended Jul 12 from a 13-year-high of 11.91% in the previous week, the
commerce and industry ministry said today.
This is the first time in seven weeks that the inflation rate is
down from a week earlier.
The fall in inflation rate is mainly on account of a high base
effect.
In the week ended Jul 12, index for all commodities rose 0.1% to
239.0 from 238.7 a week earlier. The all commodities index had risen
0.1% on week to 213.6 in the corresponding week last year.
The inflation rate was 4.76% a year ago.
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