Santosh Makwana, 30, was employeed at a readymade garments unit and lived with his mother, wife and a three-year-old son in Ramanand Nagar here, they said.
Last night, Santosh's wife found him hanging from the ceiling of a room on the first floor of their house.
The family and neighbours rushed him to a hospital where doctors declared him brought dead.
A suicide note purportedly written by Santosh was found in his pocket, in which he blamed the rising inflation and his inability to provide a "good life" to his child as the reasons behind taking the extreme step, police said.