Inflation falls below 5% in May

Inflation fell to 4.85 percent for the week ended May 26, as against 5.06 percent in the previous week. This is the sixth straight week in which inflation gone down. Official data shows that a year ago, in the same period, inflation rate was 4.99 percent. Also, it is for the first time in eight months that inflation has gone below the five percent mark.

The Whole-sale Price Index (WPI) for all commodities, for the week under consideration, declined by 0.1 percent. The index for primary articles declined by 0.3 percent. The index of food articles group declined by 0.5 percent. Prices of essential food items like pulses, fruits and vegetables declined during the week under consideration. However, the index for non-food articles group rose by 0.2%. Prices of barley, urad, bajra, maida and suji have also became cheaper.

Source : Deccan Chronicle