Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Inflation slips into negative zone, at -1.61% for week ended June 6.

What does it means ?

Asked by anantharaman, 18 Jun '09 12:47 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (2)

 
1.

India`s benchmark wholesale price index (WPI), inflation slipped into negative zone -1.61% for the week ended June 6, 2009 as compared to 0.13% a week ago.
Inflation slipped into negative for the first time since 1977-78. With this, India is possibly the only country now that is recording deflation though the European region is nearing the zero rate of inflation on account of recession.Inflation stood at 11.66% during the corresponding week of the previous year.Dun & Bradstreet (D&B) had projected that the WPI inflation to slip into the negative zone during the first week of June. However, this is mainly due to the high statistical base and does not reflect actual contraction in the price level, it added.So that is a relief now.
Answered by inquisitive, 19 Jun '09 12:34 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Economic Growth is still lowering down
Answered by Anand Agarwal, 18 Jun '09 08:00 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining