April 29, 2002 | 1310 IST
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WPI at 1.4% in fiscal 2001-02: RBI
The annual rate of inflation, measured on basis of point-to-point variations in wholesale price index, ended the fiscal 2001-02 at 1.4 per cent as compared to 4.9 per cent at the end of previous fiscal, Reserve Bank of India on Monday said. The annual rate of inflation fell from above 5 per cent up to August 2001 to touch a low of 1.1 per cent on February 2, 2002, RBI said in the 'Macroeconomic and Monetary Developments in 2001-02' report issued I Mumbai. On an average basis, WPI inflation ebbed during the year and stood at 3.6 per cent during 2001-02. On April 6, 2002, the annual point-to-point inflation rate was 1.3 per cent as compared with 5.1 per cent during the corresponding period of the previous year. An analysis of disaggregated data for fiscal 2001-02 indicates that the annual fuel group inflation fell to 3.8 per cent from 15 per cent in the previous year while manufacturing inflation turned negative (-0.4 per cent) as against a rise of 3.8 per cent a year ago, it said. At the retail level, consumer price inflation as measured by the annual variation in the consumer price index for industrial workers, on a point-to-point basis, increased to 5.2 per cent in February 2002 from 3 per cent in same month of 2001. On an average basis, the annual CPI inflation rate at 4.1 per cent in February 2002 was almost the same as that of 4 per cent in same month last year, it added. ALSO READ:
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