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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Producer Price Index YoY climbed to 3.0% in July 2026
FMPMonthlyReleased August 2026
Germany Producer Price Index YoY climbed to 3.0% in July 2026, released August 2026, up 1.2% from June's 1.8% reading. The print exceeded the 2.7% consensus by 0.3%. The print is running well above the 12-month average of -1.07%. Over the past 3 months, Producer Price Index YoY averaged 2.0%, vs -0.6% in the prior 3-month window. Producer Price Index YoY is now the highest in 18 months.
Latest Release
3
Actual
2.7
Consensus
1.8
Previous
Median Absolute Error
±0.37 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 2.63
Actual: 3
Error: -0.38
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/USD | ▲ Direct | +0.29 | FOREX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.28 | FOREX | Moves against | → 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 3% in August 2026. This beat the market consensus of 2.7% by 0.3%. The reading rose from the previous value of 1.8%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -0.74%, ranging from -3.3% to 3% across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 2.33%, up from the prior three at -1.53%.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 0.38%.
WHAT TO WATCH NEXT
The next release is scheduled for September 18, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 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 rose to 3.000% in August, surpassing the 2.7% estimate and accelerating from July's 1.8%. This marks a significant rebound after months of subdued or negative growth, indicating mounting inflationary pressures in the producer sector. Market participants will closely watch upcoming inflation data and ECB policy signals amid this sharp increase. Updated 8/20/26
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 (Jul 2026): actual 3 %, consensus 2.7 %. Prior reading (Jun 2026): 1.8 %. Before that (May 2026): 2.2 %.
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.
Σ
EXPECTED ZONE
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |