Inflation in India falls to 0.48 percent

New Delhi, May 14 (PTI) After increasing for three
consecutive weeks, inflation in Indian fell to 0.48 percent
for the week ended May 2 against 0.70 percent in the previous
week despite rise in prices of food prices like pulses,
cereals and vegetables.

The wholesale price-based index stood at 8.73 percent
during the corresponding week a year ago.

This is the ninth week in a row when inflation stood
below one per cent.

During the week, prices of fruit declined while those
of tea, bajra, pulses, and spices were expensive.
At the same time, prices of jet fuel and bitumen fell.

Among manufactured products, imported edible oil and
sugar were expensive. Elsewhere, pesticides were dearer by 33
per cent and benzene by 27 per cent. PTI