<h1>Finance Minister Cautious Despite Drop in Core Inflation; Concerns Over Petrol Price Impact and High Non-Food Inflation Persist.</h1> The Union Finance Minister expressed approval of the decline in core inflation from 9.19% in March 2011 to 7.97% in April 2011, and a drop in food article inflation from 9.47% to 8.71%. Overall inflation decreased to 8.66% from 9.04%. Despite these positive trends, the Minister remains cautious due to potential impacts from recent petrol price adjustments and unfavorable international commodity prices. Concerns persist over high non-food article inflation, which remains above 27%. The Minister is hopeful that recent monetary policy measures will address these inflationary pressures. Inflation in manufactured products has moderated to 6.18%.