UPDATE: Inflation slips to over three-decade low of 0.13%

The inflation rate for the week ended May 30 came down to 0.13 per cent primarily due to decrease in prices of manufactured products on an annual basis. The inflation rate stood at 0.48 per cent for the previous week ended May 23 and 9.32 per cent during the corresponding week in 2008.

The index for primary articles, which had been on the rise since last month, saw a marginal fall of 35 basis points to 0.13 per cent. The inflation rate for manufactured products registered a decrease of 60 basis points to stand at 0.39 per cent.

Food prices however continue to rise with double digit inflation rates. Cereals marginally rose by 6 basis points on an annual basis to 12. 95 per cent while inflation for pulses dropped marginally by 26 basis points to 15.09 from the previous week.

Sugar continued to be expensive with an inflation rate of 31.37 per cent.

The final rate of inflation for the week ended April 4 was revised upwards to 0.83 from an earlier provisional estimate of 0.18 per cent .