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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia WPI Fuel YoY fell to 27.41% in June 2026
FMPMonthlyReleased July 2026
India WPI Fuel YoY fell to 27.41% in June 2026, released July 2026, down 2.92% from May's 30.33% reading. The print exceeded the 25.9% consensus by 1.51%. The print is running well above the 12-month average of 2.53%. Over the past 3 months, WPI Fuel YoY averaged 27.52%, vs -2.25% in the prior 3-month window. The reading is in the 94th percentile of the trailing 24-month range.
Latest Release
27.41
Actual
25.9
Consensus
30.33
Previous
Median Absolute Error
±0.64 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 32.66
Actual: 27.41
Error: +5.25
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 |
|---|---|---|---|---|---|
| NIFTY 50 | ▲ Direct | +0.62 | INDEX | Moves with | → View |
| USD/INR | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
WPI Fuel YoY (India) was reported at 27.41% in July 2026. This beat the market consensus of 25.9% by 1.51%. The reading fell from the previous value of 30.33%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 5.4%, ranging from -4.01% to 30.33% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 27.48%, up from the prior three at -3.37%. Volatility over the past year (σ 13.59%) is higher than the prior year (σ 2.19%). In July readings over the past 3 years, WPI Fuel YoY has averaged 8.6%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NIFTY 50 (Bullish NIFTY 50). A secondary relationship exists with USD/INR, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.64%.
WHAT TO WATCH NEXT
The next release is scheduled for August 14, 2026. Same-country events in the next 14 days include Interest Rate Decision (Aug 5) and Inflation Rate YoY (Aug 12).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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WPI Fuel YoY - IN
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About WPI Fuel YoY — India
DEFINITION
WPI Fuel YoY stands for Wholesale Price Index Fuel Year-over-Year and is a financial indicator that measures the change in the average price of fuel at the wholesale level over a 12-month period. It is used by economists and investors to track inflation and gauge the overall health of the economy. A higher WPI Fuel YoY indicates an increase in fuel prices, which can have a ripple effect on consumer prices and impact the cost of goods and services. This indicator is an important tool for businesses and policymakers to make informed decisions about pricing and 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 (Jun 2026): actual 27.41 %, consensus 25.9 %. Prior reading (May 2026): 30.33 %. Before that (Apr 2026): 24.71 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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 NIFTY 50 (Bullish NIFTY 50, r=0.62) — a useful reference for index-focused traders.
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