Given the following data,
Calculate the inflation rate.
Inflation rate for different years is calculated as .
Year 2001-02 =463-444/444x 100 = 4.28 %
Year 2002-03 =482 - 463 /463x 100 = 4.10 %
Year 2003-04 = 500-482/482 x 100= 3.73 %
Consumer Price Index (CPI) of industrial workers declined in all the years.