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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia PPI YoY fell to 3.7% in October 2024
FMPMonthlyReleased January 2025
Australia PPI YoY fell to 3.7% in October 2024, released January 2025, down 0.2% from September's 3.9% reading. The reading matched expectations. PPI YoY has now declined for 3 consecutive months. PPI YoY is now the lowest in 36 months.
Latest Release
3.7
Actual
3.6
Consensus
3.9
Previous
Median Absolute Error
±0.22 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 3.6
Actual: 3.7
Error: -0.1
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 |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI YoY (Australia) was reported at 3.7% in January 2025. This beat the market consensus of 3.6% by 0.1%. The reading fell from the previous value of 3.9%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 4.13%, up from the prior three at 4.07%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.23%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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PPI YoY - AU
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About PPI YoY — Australia
DEFINITION
PPI YoY stands for Producer Price Index Year-over-Year and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a 12-month period. It is often used as a gauge of inflationary pressures in the economy and can provide valuable insights into the overall health of the manufacturing sector. PPI YoY is closely monitored by investors, policymakers, and businesses to make informed decisions about pricing strategies, production levels, and monetary policy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. 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 (Oct 2024): actual 3.7 %, consensus 3.6 %. Prior reading (Jul 2024): 3.9 %. Before that (Apr 2024): 4.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.