<h1>Wholesale price inflation drops to negative 0.13 percent in June amid falling food and fuel costs</h1> Wholesale price inflation turned negative at 0.13 percent in June, down from 0.39 percent in May and 3.43 percent in June last year. The decline was primarily driven by decreased prices in food articles, mineral oils, basic metals manufacturing, and crude petroleum. Food articles experienced 3.75 percent deflation, with vegetables dropping 22.65 percent. Manufactured products inflation eased to 1.97 percent from 2.04 percent in May. Fuel and power deflation increased to 2.65 percent from 2.27 percent previously. The central bank recently reduced benchmark rates by 0.50 percent to 5.50 percent amid easing inflation pressures.