Inflation dips to 5%

After remaining unchanged in the previous week, inflation fell to a 40-month low of 4.83 per cent during the week ended February 19 due to cheaper edible oils, vegetables and some of the manufactured products despite higher global oil prices.

Toeing the lines of pre-Budget Economic Survey, which had said the government was able to contain price rise, the Wholesale Price Index inflation fell by 0.18 per cent from a week ago level of 5.01 per cent.