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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Producer Price Index YoY climbed to 31.6% in April 2026
FMPMonthlyReleased May 2026
Singapore Producer Price Index YoY climbed to 31.6% in April 2026, released May 2026, up 4.9% from March's 26.7% reading. The print exceeded the 24.0% consensus by 7.6%. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 9.35%, vs -2.37% in the prior 3-month window. Producer Price Index YoY is now the highest in 15 months.
Latest Release
31.6
Actual
24
Consensus
26.7
Previous
Median Absolute Error
±1.76 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 24.05
Actual: 31.6
Error: -7.55
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.68 | COMMODITIES | Bullish XAU | → View |
| USD/SGD | ▼ Inverse | −0.32 | FOREX | Bearish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Singapore) was reported at 31.6% in May 2026. This beat the market consensus of 24% by 7.6%. The reading rose from the previous value of 26.7%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 1.75%, ranging from -6% to 31.6% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 7.57%, up from the prior three at 0.6%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with USD/SGD, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.76%.
WHAT TO WATCH NEXT
The next release is scheduled for June 26, 2026. Same-country events in the next 14 days include CPI YoY (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Producer Price Index YoY - SG
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About Producer Price Index YoY — Singapore
DEFINITION
Singapore's Producer Price Index YoY surged to 31.600000% in May, beating the 24.000000% estimate and rising sharply from April's 21.6%. This marks a significant acceleration in producer price inflation compared to the previous month. Market participants will closely watch upcoming data for signs of sustained inflationary pressure amid tightening monetary policy. 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 31.6 %, consensus 24 %. Prior reading (Mar 2026): 21.6 %. Before that (Feb 2026): -2.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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=0.68) — a useful reference for commodities-focused traders.