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India’s Inflation Up At 0.7%

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India’s annual rate of inflation rose marginally to 0.7% for the week ended April 25 from 0.57% the week before, official data showed on Friday.

Among the three main commodity groups, the indices for manufactured products and primary articles rose 0.3% and 0.2%, respectively.

The index for fuel, power, light and lubricants remained unchanged at its previous week’s level of 323 (provisional).

The inflation rate based on official wholesale price index had declined for eight consecutive weeks to 0.27% for the week ended March 14, but marginally rose to 0.31% for the week ended March 21.

It then declined for two consecutive weeks, before rising again for the next three weeks to stand at 0.7 percent for the week ended April 25.

Between April 18 and April 25, the wholesale price index rose 0.2% to 230.7 from 230.2 the week before, as per the provisional data released by the commerce and industry ministry. 

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