Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia WPI Fuel YoY climbed to 24.71% in April 2026
FMPMonthlyReleased May 2026
India WPI Fuel YoY climbed to 24.71% in April 2026, released May 2026, up 23.66% from March's 1.05% reading. The print exceeded the 3.0% consensus by 21.71%. WPI Fuel YoY has now risen for 4 consecutive months. Over the past 3 months, WPI Fuel YoY averaged -2.25%, vs -2.29% in the prior 3-month window. WPI Fuel YoY is now the highest in 36 months.
Latest Release
24.71
Actual
3
Consensus
1.05
Previous
Median Absolute Error
±0.5 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 2.4
Actual: 24.71
Error: -22.31
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 |
|---|---|---|---|---|---|
| NIFTY 50 | ▲ Direct | +0.60 | INDEX | Bullish NIFTY 50 | → View |
| BTC/USD | ▲ Direct | +0.35 | CRYPTO | Bullish BTC | → 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 24.71% in May 2026. This beat the market consensus of 3% by 21.71%. The reading rose from the previous value of 1.05%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -0.3%, ranging from -4.01% to 24.71% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 5.64%, up from the prior three at -2.38%. Volatility over the past year (σ 7.93%) is higher than the prior year (σ 2.57%). In May readings over the past 3 years, WPI Fuel YoY has averaged 7.97%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NIFTY 50 (Bullish NIFTY 50). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.5%.
WHAT TO WATCH NEXT
The next release is scheduled for June 15, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Jun 12) and CPI YoY (Jun 12).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
SHARE
WPI Fuel YoY - IN
Loading chart data...
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 (Apr 2026): actual 24.71 %, consensus 3 %. Prior reading (Mar 2026): 1.05 %. Before that (Feb 2026): -3.78 %.
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=0.60) — a useful reference for index-focused traders.