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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Producer Price Index YoY fell to 3.0% in June 2026
FMPMonthlyReleased July 2026
Philippines Producer Price Index YoY fell to 3.0% in June 2026, released July 2026, down 0.1% from May's 3.1% reading. The reading matched expectations. The print is running well above the 12-month average of 0.77%. Producer Price Index YoY is now the highest in 17 months.
Latest Release
3
Actual
3
Consensus
3.1
Previous
Median Absolute Error
±0.38 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 2.75
Actual: 3
Error: -0.25
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.80 | CRYPTO | Moves against | → View |
| USD/PHP | ▲ Direct | +0.58 | 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 (Philippines) was reported at 3% in July 2026. This matched the market consensus of 3% exactly. The reading fell from the previous value of 3.1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 1.36%, ranging from -0.27% to 3% across 8 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.77%, up from the prior three at 0.6%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with USD/PHP, positively correlated (Bullish USD). 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 August 28, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Aug 5) and Unemployment Rate (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Producer Price Index YoY - PH
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About Producer Price Index YoY — Philippines
DEFINITION
The Philippines' Producer Price Index YoY for July came in at 3.000000%, matching estimates but down from June's 2.9%. This marks a slight deceleration in producer price inflation compared to the previous month. Market participants will watch upcoming inflation data closely as the central bank maintains its current monetary policy stance. Updated 7/30/26
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 (Jun 2026): actual 3 %, consensus 3 %. Prior reading (May 2026): 2.9 %. Before that (Apr 2026): 2.4 %.
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 BTC/USD (Bearish BTC, r=-0.80) — a useful reference for crypto-focused traders.
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EXPECTED ZONE
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Economic Calendar - PH Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | PH | Business Confidence | 0 | -25.2 | -45 | -22.50 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | PH | S&P Global Manufacturing PMI | 50.9 | 51.2 | 50.25 | Low | |