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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Producer Price Index YoY climbed to 5.8% in July 2026
FMPMonthlyReleased August 2026
Portugal Producer Price Index YoY climbed to 5.8% in July 2026, released August 2026, up 0.7% from June's 5.1% reading. The print exceeded the 5.4% consensus by 0.4%. The print is running well above the 12-month average of -1.06%. Over the past 3 months, Producer Price Index YoY averaged 5.05%, vs -0.45% in the prior 3-month window. Producer Price Index YoY is now the highest in 18 months.
Latest Release
5.8
Actual
5.4
Consensus
5.1
Previous
Median Absolute Error
±0.75 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 5.75
Actual: 5.8
Error: -0.05
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 | ▲ Direct | +0.59 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.27 | 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 (Portugal) was reported at 5.8% in August 2026. This beat the market consensus of 5.4% by 0.4%. The reading rose from the previous value of 5.1%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -0.29%, ranging from -4.3% to 5.8% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 5.3%, up from the prior three at -0.6%. Volatility over the past year (σ 4%) is higher than the prior year (σ 1.27%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.75%.
WHAT TO WATCH NEXT
The next release is scheduled for September 18, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 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 5.8% in July, beating the 5.4% estimate and up from June's 5.0%. The increase signals accelerating inflationary pressures in producer prices compared to the prior month. Market participants will watch for central bank responses amid persistent price gains. Updated 8/18/26
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 5.8 %, consensus 5.4 %. Prior reading (Jun 2026): 5 %. Before that (May 2026): 5.1 %.
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 XAU/USD (Bullish XAU, r=0.59) — a useful reference for commodities-focused traders.
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Economic Calendar - PT Events
| Friday, September 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | PT | Producer Price Index MoM | 0.8 | 0.3 | 0.35 | Low | |
| 10:00 | PT | Producer Price Index YoY | 5.8 | 6.7 | 6.80 | Low | |
| 10:30 | PT | Current Account | -303.42 | 980 | 995.21 | Low | |