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flag India's wholesale inflation turned negative in October 2025, driven by falling food and fuel prices.

flag India's wholesale inflation turned negative at -1.21% in October 2025, the first time in recent data, driven by steep declines in food prices—onions, potatoes, vegetables, and pulses—along with falling fuel, power, and manufactured goods costs. flag The drop, attributed to a September 22 GST rate reduction and strong agricultural output, followed a 0.13% increase in September and 2.75% in October 2024. flag This deflationary trend aligns with a record-low retail inflation of 0.25%, prompting expectations of a potential interest rate cut by the Reserve Bank of India in its December policy review.

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