Rediff Logo
Home > Money > PTI > Report
April 29, 2002 | 1310 IST
  Money Matters

 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff


 Secrets every
 mother should

 Your Lipstick

 Make money
 while you sleep.

 Bathroom singing
 goes techno!

 Search the Internet
 Sites: Finance, Investment

Print this page Best Printed on  HP Laserjets
E-Mail this report to a friend

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.

The Monetary and Credit Policy 2002-2003
The Rediff Budget Special

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report