Inflation as measured by the Wholesale Price Index (WPI) declined to a 42-month low of 4.7 per cent in May 2013 from 4.89 per cent in the previous month and 7.55 per cent in May 2012.
The decline in the prices of manufactured items helped inflation to ease in May even as the price level of food articles rose. The prices of manufactured items declined to 3.11 per cent in May from 3.41 per cent in April.
Food inflation rose to 8.25 per cent in May from 6.08 per cent in April. The non-food inflation declined sharply from 7.59 per cent in April to 4.88 per cent in May.
This surge was mainly on account of an increase in the prices of onions, vegetables, cereals and protein-based items. Vegetable prices rose 4.85 per cent against the decline of 9.05 per cent last month.
The government revised down the headline inflation for March 2013 to 5.65 per cent from 5.96 per cent earlier.
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