<h1>India's Inflation Drops in 2013-14, WPI at 5.98%, Food Inflation High at 11.95%; RBI Adjusts Rates to Manage Risks.</h1> During 2013-14, India's wholesale price index (WPI) inflation fell to a three-year low of 5.98%, down from 7% and 9% in previous years. Consumer price inflation also showed signs of moderation, decreasing from 10.21% to 9.49%. However, food inflation remained high, peaking at 11.95% due to structural and seasonal factors, particularly in fruits, vegetables, and protein sources. Non-food manufactured product inflation was low at 2.9%. The International Monetary Fund projected stable global commodity prices, which could benefit emerging markets like India. Risks to inflation included a potential sub-normal monsoon, crude oil price changes, and exchange rate volatility. The Reserve Bank of India adjusted interest rates to stabilize the economy and manage inflation expectations.