i Develop Stocks Advisory: Inflation remains in negative zone

Thursday, June 25, 2009

Inflation remains in negative zone

Inflation based on the wholesale price index remained in the negative zone for the second week in a row. Inflation based on the wholesale price index declined 1.14% in the year through 13 June 2009. The decline was, however, smaller than a 1.61% fall in the year through 6 June 2009.

Inflation had dipped to negative in early June 2009 for the first time since 1977-78.

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Thursday, June 25, 2009

Inflation remains in negative zone

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