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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
RussiaRussia Producer Price Index MoM climbed to 2.5% in September 2026
FMPMonthlyReleased October 2026
Russia Producer Price Index MoM climbed to 2.5% in September 2026, released October 2026, up 1.6% from August's 0.9% reading. The print exceeded the 0.2% consensus by 2.3%. Producer Price Index MoM has now risen for 3 consecutive months. Over the past 3 months, Producer Price Index MoM averaged -0.8%, vs 4.3% in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
2.5
Actual
0.2
Consensus
0.9
Previous
Median Absolute Error
±2.4 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: -0.13
Actual: 2.5
Error: -2.63
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 | −0.43 | COMMODITIES | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.26 | 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 MoM (Russia) was reported at 2.5% in October 2026. This beat the market consensus of 0.2% by 2.3%. The reading rose from the previous value of 0.9%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.59%, ranging from -2.5% to 6.1% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.3%, down from the prior three at 3.03%. Volatility over the past year (σ 2.53%) is higher than the prior year (σ 1.09%).
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 2.4%.
WHAT TO WATCH NEXT
The next release is scheduled for November 18, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Nov 2) and GDP Growth Rate YoY (Nov 13).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Producer Price Index MoM - RU
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About Producer Price Index MoM — Russia
DEFINITION
Russia's Producer Price Index MoM surged to 2.500000% in October, sharply beating the 0.200000% estimate. This marks a significant increase from September's 0.900000%, indicating accelerating inflationary pressures in the producer sector. Market participants will closely watch upcoming inflation data and central bank responses amid this unexpected rise. Updated 10/21/26
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 2.5 %, consensus 0.2 %. Prior reading (Aug 2026): 0.9 %. Before that (Jul 2026): -2.5 %.
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 neutral force in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.43) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - RU Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | RU | S&P Global Manufacturing PMI | 49.8 | 50 | 50.10 | Medium | |
| Thursday, November 5, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | RU | S&P Global Composite PMI | 50.8 | 50.7 | 51.00 | Low | |
| 06:00 | RU | S&P Global Services PMI | 51.3 | 51.1 | 51.45 | Low | |