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Our Bureau

New Delhi May 31 The Finance Minister, Mr P. Chidambaram, said on Thursday that the inflation has dipped to 5.06 per cent for the week ended May 19 from 5.27 per cent in the previous week.

The key wholesale price inflation rate is usually announced at noon every Friday. Inflation has been declining for four consecutive weeks. The Finance Ministry was briefing presspersons after the Cabinet meeting. While responding to a query on the outcome of the meeting of Cabinet Committee on Prices (CCP), he said that "the Committee reviewed the situation and the inflation has come down again."

The annual rate of inflation, calculated on point-to-point basis, stood at 5.44 per cent (Provisional) for the week ended May 5 as compared to 5.66 per cent (Provisional) for the preceeding week.

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