Inflation rises to (-)0.95 pc on high food prices

Inflation rose to minus 0.95 percent for the week ended on 15th August from minus 1.53 percent in the previous week on the back of rising food prices.

The wholesale price index (WPI) based inflation remained negative for the 11th consecutive week since 6^th June mainly on high base. It was 12.82 percent for the corresponding week last year.

Prices of inland fish shot up by 25 percent over the previous week, eggs became dearer by 10 percent, masur dal was costly by 8 percent, milk price went up by 5 percent, and fruits and vegetables became expensive by 3 percent.

While the index of fuel, power, light and lubricants remained unchanged over the week ending 15^th August, the index of manufactured products rose by 0.1 percent led by manufactured food products that rose by 0.7 percent.