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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Wholesale Prices YoY climbed to 6.84% in March 2013
FMPMonthlyReleased March 2013
India Wholesale Prices YoY climbed to 6.84% in March 2013, up 0.22% from February's 6.62% reading. The print exceeded the 6.5% consensus by 0.34%.
Latest Release
6.84
Actual
6.5
Consensus
6.62
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/INR | ▼ Inverse | −0.50 | FOREX | Bullish INR | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wholesale Prices YoY (India) was reported at 6.84% in March 2013. This beat the market consensus of 6.5% by 0.34%. The reading rose from the previous value of 6.62%. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/INR (Bullish INR). A secondary relationship exists with XAU/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MPC Meeting Minutes (Jun 19) and Monetary Policy Meeting Minutes (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Wholesale Prices YoY - IN
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About Wholesale Prices YoY — India
DEFINITION
Wholesale Prices YoY is a financial indicator that measures the annual change in the prices of goods sold in bulk by manufacturers and wholesalers. It provides valuable insights into the overall inflationary pressures in the economy and is closely monitored by businesses, policymakers, and investors to make informed decisions. A positive YoY change indicates an increase in wholesale prices, while a negative change suggests a decrease. This indicator is an important tool for assessing the health of the economy and predicting future trends in consumer prices.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 6.84 %, consensus 6.5 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/INR (Bullish INR, r=-0.50) — a useful reference for forex-focused traders.