Inflation @ 4.7%

Declining prices of manufactured goods helped inflation ease to three-and-a-half year low of 4.7% in May.
Falling for the fourth straight month, inflation reached the lowest level since November 2009 when it was 4.50%. Inflation based on the Wholesale Price Index (WPI) stood at 4.89% in April. In May 2012, it was 7.55%. Inflation in food articles category, which has 14.34% share in the WPI basket, however, rose to 8.25% in May. It was at 6.08% in April. Manufacturing inflation declined to 3.11% in May from 3.41% in April.