<h1>India's WPI Falls to -3.48% in May 2023 Due to Lower Prices in Key Sectors Like Minerals and Food.</h1> India's Wholesale Price Index (WPI) fell to -3.48% in May 2023, continuing its declining trend from -0.92% in April. This drop in inflation is attributed to lower prices in mineral oils, basic metals, food products, textiles, non-food articles, crude petroleum, natural gas, and chemical products. The WPI for primary articles decreased by 1.13%, fuel and power by 2.62%, and manufactured products by 0.35% from April to May. The Food Index also saw a reduction, with inflation dropping from 0.17% in April to -1.59% in May.