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flag India's wholesale inflation turned negative in October 2025, driven by falling food, fuel, and goods prices, sparking expectations of a rate cut.

flag India's wholesale inflation turned negative at -1.21% in October 2025, its lowest level in 27 months, driven by sharp declines in food, fuel, and manufactured goods prices. flag Food inflation fell to -8.31%, led by plunging onion, potato, vegetable, and pulse prices. flag The drop follows a September 22 reduction in GST rates on essential goods, which helped push retail inflation to a record low of 0.25%. flag Deflationary pressures across key sectors have increased expectations that the Reserve Bank of India may cut interest rates in its upcoming December policy meeting.

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