<h1>Wholesale Price Index Hits 14-Month Low at 0.39%, Food and Fuel Prices Drive Deflationary Trend in May</h1> Wholesale price inflation in India dropped to a 14-month low of 0.39% in May, driven by declining food and fuel prices. Food articles experienced a 1.56% deflation, while fuel and power saw a 2.27% deflation. Manufactured products showed a 2.04% positive inflation. Experts suggest potential upward price pressure from geopolitical tensions, particularly crude oil price increases. The central bank has lowered inflation projections and interest rates in response to the easing inflationary environment.