<h1>Wholesale Price Inflation Drops to -0.58% in July, Driven by Food and Fuel Deflation, Section 2 Highlights</h1> Wholesale price inflation fell to a two-year low of negative 0.58 percent in July due to deflation in food, fuel, and certain manufactured goods. Food prices, especially vegetables, saw significant declines, while fuel and power prices also decreased. Manufactured product inflation rose slightly. Experts predict inflation will return to positive territory in August, driven by seasonal factors, base effects, and potential increases in food and crude oil prices. External factors such as US sanctions on Russian oil imports and geopolitical tensions may influence commodity prices, but overall inflation is expected to remain moderate. The central bank maintained policy rates amid low retail inflation, and favorable monsoon conditions are anticipated to support agricultural output and economic growth.