Thursday, June 18, 2009

Indian Inflation turns negative

For the first time since 1977, India's WPI Inflation rate fell to -1.61% for the week ended on June 6 2009!

6 comments:

Saad Shaikh said...

Great.. atlast the inflation fear has vanished.. but tell me.. the inflation has gone into "minus".. is that good for the economy?? shouldn't it be somewhere close to ZERO??

Mutual Fund said...

Ofcourse, its not good for economy. Infact,its worse than Inflation. Just like low-sugar is worse than high-sugar.

I am from www.MoneyVriksh.com

Tarla said...

Ha Ha Ha..
Great example by moneyvriksh.com guy!

Krish said...

It is good for India to achieve negative inflation rate.

financemaster said...

hello guys... deflation is even more dangerous than inflation. check a site http://elagaan.com/ . you ll get good knowledge

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