India’s wholesale price index fell 1.21 percent year-on-year in October, reflecting broad-based declines across several commodity categories. The drop was influenced by recent tax adjustments on consumer goods, which helped ease input costs for manufacturers. Analysts noted that reduced pricing pressure in metals, chemicals, and select agricultural items contributed to the wider decline. Policymakers are expected to evaluate whether the easing trend will continue into upcoming months as global supply conditions stabilize.