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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Producer Price Index YoY climbed to 9.2% in July 2026
FMPMonthlyReleased August 2026
Spain Producer Price Index YoY climbed to 9.2% in July 2026, released August 2026, up 2.2% from June's 7.0% reading. The print exceeded the 5.8% consensus by 3.4%. The print is running well above the 12-month average of 1.58%. Over the past 3 months, Producer Price Index YoY averaged 8.75%, vs 1.57% in the prior 3-month window. The reading is in the 91st percentile of the trailing 24-month range.
Latest Release
9.2
Actual
5.8
Consensus
7
Previous
Median Absolute Error
±2.03 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 5.63
Actual: 9.2
Error: -3.57
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.69 | COMMODITIES | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.26 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.25 | 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 (Spain) was reported at 9.2% in August 2026. This beat the market consensus of 5.8% by 3.4%. The reading rose from the previous value of 7%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 2.42%, ranging from -7% to 10.5% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 8.9%, up from the prior three at -0.53%. Volatility over the past year (σ 6.02%) is higher than the prior year (σ 1.48%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 2.03%.
WHAT TO WATCH NEXT
The next release is scheduled for September 24, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 22) and Retail Sales MoM (Sep 29).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Producer Price Index YoY - ES
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About Producer Price Index YoY — Spain
DEFINITION
Spain's Producer Price Index YoY surged to 9.200% in August, well above the 5.800% estimate and up from July's 7.000%. This marks a sharp acceleration in producer inflation, reversing the prior month's slowdown. Markets will closely watch upcoming inflation data and ECB policy signals amid rising price pressures. Updated 8/25/26
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 (Jul 2026): actual 9.2 %, consensus 5.8 %. Prior reading (Jun 2026): 7 %. Before that (May 2026): 10.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 XAU/USD (Bearish XAU, r=-0.69) — a useful reference for commodities-focused traders.
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