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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia WPI Food YoY fell to 5.44% in July 2026
FMPMonthlyReleased August 2026
India WPI Food YoY fell to 5.44% in July 2026, released August 2026, down 0.05% from June's 5.49% reading.
Latest Release
5.440000
Actual
—
Consensus
5.490000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.50 | COMMODITIES | Moves with | → View |
| NIFTY 50 | ▼ Inverse | −0.37 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
WPI Food YoY (India) was reported at 5.67% in September 2026. The reading rose from the previous value of 5.44%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.61%, ranging from -8.31% to 5.49% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 5.14%, up from the prior three at 1.91%. Volatility over the past year (σ 4.26%) is higher than the prior year (σ 3.87%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with NIFTY 50, negatively correlated (Bearish NIFTY 50).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Sep 15) and HSBC Manufacturing PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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WPI Food YoY - IN
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About WPI Food YoY — India
DEFINITION
WPI Food YoY stands for Wholesale Price Index Food Year-over-Year and is a financial indicator that measures the change in the average price of food sold in the wholesale market over a 12-month period. This indicator is used by economists and investors to track inflation and assess the overall health of the food industry. A higher WPI Food YoY indicates an increase in food prices, while a lower WPI Food YoY suggests a decrease in prices. It is an important tool for analyzing the impact of food prices on the economy and making informed financial decisions.
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 (Aug 2026): actual 5.67 %. Prior reading (Jul 2026): 5.44 %. Before that (Jun 2026): 5.49 %.
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=0.50) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - IN Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | IN | WPI Manufacturing YoY | 8.37 | 8.29 | 8.5 | 9.11 | Low |
| 06:30 | IN | WPI Inflation YoY | 9.92 | 9.78 | 9.89 | 10.04 | Low |
| 06:30 | IN | WPI Food Index YoY | 7.05 | 6.65 | 6.7 | 7.38 | Low |
| 06:30 | IN | WPI Fuel YoY | 22.93 | 20.05 | 15 | 18.31 | Low |
| 10:30 | IN | Inflation Rate MoM | 0.73 | 0.88 | 0.6 | 0.67 | Low |
| 10:30 | IN | Inflation Rate YoY | 4.82 | 4.44 | 4.8 | 4.81 | Medium |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | IN | Balance of Trade | -31.98 | -33 | -33.61 | Medium | |
| 10:30 | IN | Unemployment Rate | 5.1 | 5.2 | 5.30 | Low | |