NEW DELHI, AUG 24: Annual inflation moved up for the second successive week to 4.08 per cent for the week ended August 9, virtually putting a brake to the free-fall witnessed since June-end.

The annual rate of inflation based on the Wholesale Price Index (WPI) went up marginally by 0.03 percentage points to 4.08 per cent from 4.05 per cent during the previous week.

The inflation, calculated on a point-to-point basis, had fallen by 1.89 percentage points in four weeks between June 28 and July 26.Compared to this, annual inflation was 6.08 per cent in the corresponding week last year.

Meanwhile, the official WPI for `all commodities' (base 1981-82=100) rose marginally by 0.1 per cent to 326.7 (provisional) during the week as against 326.3 (provisional) the week before.

The annual rate of inflation based on the final index for the week ended June 14, 1997 (the latest available) stood at 5.7 per cent, as against 5.9 per cent for the week based on provisional index.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.