Inflation dips to 5.01%

Inflation fell for the tenth consecutive week to 5.01% in the week ended February 5 due to cheaper vegetables, fruits and edible oils.

The widely tracked point-to-point wholesale price index (WPI) inflation touched 10-months low falling by 0.24% from the previous week's level of 5.25% and it was as high as 6.15% in the year ago period.

The WPI, however, rose by 0.1% to 188.6 points mainly due to costlier fuel products, even as primary items became cheaper while manufactured products' prices remained unchanged. The index was 179.6 points in the previous year period.

The government revised upwards inflation to 6.84% in the week ended December 11 as compared to provisional figure of 6.73%.

The WPI stood corrected at 188.9 points during the second week of December as against the provisional estimate of 188.7 points.