ICICI Bank forecasts high WPI inflation through FY27
ICICI Bank projects India's WPI inflation to remain high through FY27, currently at 9.8% YoY. Fuel and power inflation has moderated, but elevated global crude oil prices pose risks. Traders should watch these trends closely for potential market impacts.
after close1 source ↓written by the desknot a recommendation
- year-on-year
- 9.8%
- in the previous
- -0.8%
- which fell
- 20%
- in June
- 27.4%
India's WPI inflation is projected to remain elevated through FY27, with a current rate of 9.8% year-on-year as of July 2026. This is a significant increase from -0.8% in the previous year. The moderation in inflation was mainly due to a decline in fuel and power inflation, which fell to 20% from 27.4% in June.
However, with global crude oil prices averaging USD 86.8 per barrel, there are potential upside risks if these levels persist. Traders should monitor these inflation trends closely as they could impact monetary policy decisions.
Not investment advice. For informational purposes only.