New Delhi, June 14 (TIWN) Lower prices of manufactured items and key transportation fuels eased India's annual rate of inflation based on wholesale prices to 2.45 per cent in May from 3.07 per cent in April, official data showed on Friday.

Even on a year-on-year (YoY) basis, May's WPI inflation rate was lower than 4.78 per cent reported for the corresponding period of previous year, showed the data furnished by the Ministry of Commerce and Industry.  "The annual rate of inflation, based on monthly WPI, stood at 2.45 per cent (provisional) for the month of May 2019 (over May 2018) as compared to 3.07 per cent (provisional) for the previous month and 4.78 per cent during the corresponding month of the previous year," the Ministry said in its review of "Index Numbers of Wholesale Price in India" for May.