Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia WPI Food Index YoY climbed to 4.49% in May 2026
FMPMonthlyReleased June 2026
India WPI Food Index YoY climbed to 4.49% in May 2026, released June 2026, up 1.38% from April's 3.11% reading. The print exceeded the 2.1% consensus by 2.39%. WPI Food Index YoY has now risen for 3 consecutive months. Over the past 3 months, WPI Food Index YoY averaged 2.08%, vs 1.09% in the prior 3-month window. WPI Food Index YoY is now the highest in 13 months.
Latest Release
4.49
Actual
2.1
Consensus
3.11
Previous
Median Absolute Error
±1.69 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 2.16
Actual: 4.49
Error: -2.33
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.57 | COMMODITIES | Bullish XAU | → View |
| BTC/USD | ▲ Direct | +0.47 | CRYPTO | Bullish BTC | → View |
| Nikkei 225 | ▲ Direct | +0.43 | INDEX | Bullish Nikkei 225 | → View |
| Hang Seng | ▲ Direct | +0.32 | INDEX | Bullish Hang Seng | → View |
| NIFTY 50 | ▼ Inverse | −0.29 | INDEX | Bearish NIFTY 50 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
WPI Food Index YoY (India) was reported at 4.49% in June 2026. This beat the market consensus of 2.1% by 2.39%. The reading rose from the previous value of 3.11%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -0%, ranging from -5.04% to 4.49% across 12 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.88%, up from the prior three at -0.4%. Volatility over the past year (σ 2.5%) is lower than the prior year (σ 2.85%). In June readings over the past 3 years, WPI Food Index YoY has averaged 4.54%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.69%.
WHAT TO WATCH NEXT
The next release is scheduled for July 14, 2026. 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 June 2026.
SHARE
WPI Food Index YoY - IN
Loading chart data...
About WPI Food Index YoY — India
DEFINITION
The WPI Food Index YoY is a financial indicator that measures the year-over-year change in the Wholesale Price Index (WPI) for food products. It provides insight into the overall price trends for food items at the wholesale level, which can have a significant impact on consumer prices and inflation. This indicator is commonly used by economists and policymakers to monitor the health of the food industry and make informed decisions about economic policies.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 4.49 %, consensus 2.1 %. Prior reading (Apr 2026): 2.31 %. Before that (Mar 2026): 1.85 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.57) — a useful reference for commodities-focused traders.