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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Producer Price Index YoY climbed to 6.7% in September 2026
FMPMonthlyReleased October 2026
Germany Producer Price Index YoY climbed to 6.7% in September 2026, released October 2026, up 2.1% from August's 4.6% reading. The print exceeded the 5.3% consensus by 1.4%. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 3.8%, vs 1.9% in the prior 3-month window. Producer Price Index YoY is now the highest in 20 months.
Latest Release
6.7
Actual
5.3
Consensus
4.6
Previous
Median Absolute Error
±0.39 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 5.5
Actual: 6.7
Error: -1.2
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 |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.43 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.26 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Germany) was reported at 6.7% in October 2026. This beat the market consensus of 5.3% by 1.4%. The reading rose from the previous value of 4.6%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.65%, ranging from -3.3% to 6.7% across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 4.77%, up from the prior three at 1.9%. Volatility over the past year (σ 3.25%) is higher than the prior year (σ 1.03%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.39%.
WHAT TO WATCH NEXT
The next release is scheduled for November 20, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Oct 30) and Inflation Rate MoM (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Producer Price Index YoY - DE
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About Producer Price Index YoY — Germany
DEFINITION
Germany's Producer Price Index YoY surged to 6.700000% in October, well above the 5.300000% estimate and up from September's 4.600000%. This sharp acceleration signals mounting inflationary pressures in the German industrial sector. Markets will closely watch upcoming ECB policy moves amid this persistent price rise. Updated 10/20/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 6.7 %, consensus 5.3 %. Prior reading (Aug 2026): 4.6 %. Before that (Jul 2026): 3 %.
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 EUR/GBP (Bearish EUR, r=-0.43) — a useful reference for forex-focused traders.
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Economic Calendar - DE Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | DE | Import Prices MoM | 2.1 | 1 | 1.8 | 1.95 | Low |
| 07:00 | DE | Import Prices YoY | 10.4 | 8.3 | 10.3 | 10.35 | Low |
| 08:55 | DE | Unemployment Rate | 6.4 | 6.4 | 6.4 | 6.43 | High |
| 08:55 | DE | Unemployed Persons | 3.016 | 3.012 | 3.017 | 3.02 | Medium |
| 08:55 | DE | Employment Change | 4 | 12 | 5 | 5.00 | High |
| 09:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 09:00 | DE | GDP Growth Rate YoY | 1.2 | 1 | 1.1 | 1.15 | High |