Inflation stable at 11.89%

The wholesale price index based annual rate of inflation stood at 11.89 per cent for the week ended July 12, marginally lower than the 11.91 per cent reported in the previous week. The annual inflation rate was 4.76 percent during the corresponding week last year. Inflation for the week ended May 19 was revised upwards to 8.66 per cent, up from 8.10 per cent reported earlier.