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Inflation drops to negative

June 18, 2009 15:06 IST
Inflation drops to negative

For the first time since the new wholesale price index series started in 1995, India's annual rate of inflation turned negative, falling to minus 1.61 per cent for the week ended on June 6, official data showed on Thursday.

The inflation rate, which was 0.13 per cent in the previous week, had last turned negative in 1977.

Source: ANI