Low Inflation To Continue This Fiscal, Says Govt

The government has said the financial year 2002-03 should be a year of low inflation like 2001-02.

An official release issued today said the trend seen in 2001-02, which recorded an average inflation rate of 3.61 per cent -- the lowest on the price front in recent years, should continue in the current year.

The twin impact of an open economy and a liberal trade regime has begun to exercise restraint in the movement of domestic prices of industrial goods, says the report. The point to point inflation rate was 1.63 per cent,