By IANS
New Delhi : India’s annual rate of inflation based on wholesale prices fell to a two-year low of 3.52 percent for the week ended Sep 1, from 3.79 percent in the previous week, as prices eased for some food items.
This is the third successive week that the inflation rate, based on the Official Wholesale Price Index (WPI), has registered a decline.
It stood at 5.34 percent a year ago and peaked at 6.69 percent in early January.
The Reserve Bank of India (RBI), which had adopted a relatively tighter monetary policy this year to curb inflation, expects the rate to end below the 5-percent mark by the end of this fiscal.
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