NEW DELHI (Commodity Online) : India's wholesale price based food inflation eased to 16.23 per cent for the week ended May 15.

According to official figure, Inflation declined by 0.26 percentage point from 16.49 per cent in the previous week mainly on price drops of masur, fruits and vegetables.

The fall was mainly owing to a 4 per cent slide in masur prices, 2 per cent fall in prices of fruits and vegetable each, and 0.20 per decline in prices of cereals and pulses over the week.

Non-food articles also saw a decline in prices. Cotton seed prices fell 2 per cent and raw rubber and mustard seed by 1 per cent each.

However, the prices of tea rose by 9 per cent, that of mutton by 5 per cent, and urad and spices by 1 per cent each.

The overall inflation for April stood at 9.59 per cent, moderating slightly from 9.90 per cent in March, according to the provisional figures.

India Inflation