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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Producer Price Index YoY climbed to 9.2% in September 2026
FMPMonthlyReleased October 2026
Portugal Producer Price Index YoY climbed to 9.2% in September 2026, released October 2026, up 2.1% from August's 7.1% reading. The print exceeded the 8.0% consensus by 1.2%. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 6.5%, vs 4.63% in the prior 3-month window. Producer Price Index YoY is now the highest in 20 months.
Latest Release
9.2
Actual
8
Consensus
7.1
Previous
Median Absolute Error
±0.61 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 8.23
Actual: 9.2
Error: -0.97
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 | ▲ Direct | +0.37 | CRYPTO | Moves with | → View |
| EUR/USD | ▼ 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 (Portugal) was reported at 9.2% in October 2026. This beat the market consensus of 8% by 1.2%. The reading rose from the previous value of 7.1%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 1.93%, ranging from -3.5% to 9.2% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 7.4%, up from the prior three at 4.63%. Volatility over the past year (σ 4.67%) is higher than the prior year (σ 1.38%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.61%.
WHAT TO WATCH NEXT
The next release is scheduled for November 18, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Producer Price Index YoY - PT
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About Producer Price Index YoY — Portugal
DEFINITION
Portugal's Producer Price Index YoY rose to 9.20% in October, surpassing the 8.00% estimate and accelerating from September's 7.20%. This marks a continued upward trend in producer inflation, reflecting stronger cost pressures across sectors. Market focus now shifts to upcoming inflation data and central bank responses amid persistent price gains. 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. 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 (Sep 2026): actual 9.2 %, consensus 8 %. Prior reading (Aug 2026): 7.2 %. Before that (Jul 2026): 5.8 %.
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.
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EXPECTED ZONE
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Economic Calendar - PT Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | PT | Retail Sales MoM | -0.7 | 0.5 | 0.50 | Low | |
| 11:00 | PT | Industrial Production MoM | -2 | 0.9 | 0.90 | Low | |
| 11:00 | PT | Retail Sales YoY | 2.4 | 2.4 | 2.40 | Low | |
| 11:00 | PT | Industrial Production YoY | -3.8 | -1.6 | -1.60 | Low | |
| 11:30 | PT | Budget Balance | -7.3 | -4.6 | -4.60 | Low | |
| Tuesday, November 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:30 | PT | Budget Balance | -7.3 | -4.6 | -4.60 | Low | |