Mumbai: The annual rate of inflation based on the wholesale price index (WPI) declined to 4.05 per cent for the week ended August 4 from 4.45 per cent in the previous week due to lower prices of fruits, vegetable, poultry chicken, moong and some manufactured items.

The inflation rate stood at 5.08 per cent in the corresponding week a year ago.

During the week, prices of fruits, vegetables and poultry chicken declined by five per cent each, while those of moong and fish-marine fell by one per cent. However, prices of aviation turbine fuels inched up by four per cent while tea, arhar and milk moved up.

In manufactured products, imported edible oil, methanol, basic pig iron, foundry pig iron and bakery products got cheaper.