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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Producer Price Index YoY fell to 2.4% in April 2026
FMPMonthlyReleased May 2026
Philippines Producer Price Index YoY fell to 2.4% in April 2026, released May 2026, down 0.2% from March's 2.6% reading. The print came in cooler than the 3.4% consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of 0.61%. Over the past 3 months, Producer Price Index YoY averaged 1.95%, vs 0.2% in the prior 3-month window.
Latest Release
2.4
Actual
3.4
Consensus
2.6
Previous
Median Absolute Error
±0.38 percentage points
across last 10 releases
Last Call
May 2026
Predicted: 3.25
Actual: 2.4
Error: +0.85
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.80 | CRYPTO | Bearish BTC | → View |
| USD/PHP | ▲ Direct | +0.45 | FOREX | Bullish USD | → 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 2.4% in May 2026. This missed the market consensus of 3.4% by 1%. The reading fell from the previous value of 2.6%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.64%, ranging from -0.45% to 2.4% across 7 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.3%, up from the prior three at 0.35%.
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 10 releases, the Sigmacast model's median absolute error is 0.38%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update May 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 May came in at 2.400000%, missing the 3.400000% estimate and down from April's 2.5%. This marks a slight deceleration in producer price inflation compared to the previous month. Market participants will watch upcoming inflation data closely amid this easing trend. Updated 5/29/26
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 (Apr 2026): actual 2.4 %, consensus 3.4 %. Prior reading (Mar 2026): 2.5 %. Before that (Feb 2026): 1.4 %.
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 bearish 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.