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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Producer Price Index YoY climbed to 48.0% in September 2026
FMPMonthlyReleased October 2026
Singapore Producer Price Index YoY climbed to 48.0% in September 2026, released October 2026, up 9.2% from August's 38.8% reading. The print exceeded the 25.0% consensus by 23.0%. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 36.1%, vs 32.03% in the prior 3-month window. Producer Price Index YoY is now the highest in 20 months.
Latest Release
48
Actual
25
Consensus
38.8
Previous
Median Absolute Error
±3.83 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 27.18
Actual: 48
Error: -20.82
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 |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.49 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.39 | COMMODITIES | 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 (Singapore) was reported at 48% in October 2026. This beat the market consensus of 25% by 23%. The reading rose from the previous value of 38.8%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 19.02%, ranging from -6% to 48% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 40.07%, up from the prior three at 32.03%. Volatility over the past year (σ 19.31%) is higher than the prior year (σ 3.57%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 3.83%.
WHAT TO WATCH NEXT
The next release is scheduled for November 27, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 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 48.000000% in October, sharply exceeding the 25.000000% estimate and rising from September's 38.800000%. This acceleration signals a significant increase in producer inflation pressures compared to the prior month. Market participants will closely monitor upcoming inflation data and central bank communications for policy implications. Updated 10/29/26
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 (Sep 2026): actual 48 %, consensus 25 %. Prior reading (Aug 2026): 38.8 %. Before that (Jul 2026): 33.4 %.
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 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 Hang Seng (Bearish Hang Seng, r=-0.49) — a useful reference for index-focused traders.
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Economic Calendar - SG Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 03:30 | SG | Producer Price Index YoY | 48 | 38.8 | 25 | 36.50 | Low |
| 03:30 | SG | Import Prices YoY | 19.9 | 15.5 | 16 | 17.95 | Low |
| 03:30 | SG | Export Prices YoY | 19.4 | 15.2 | 10 | 14.70 | Low |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 02:00 | SG | Bank Lending | 978.8 | 966.4 | 909.5 | 938.65 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 1.9 | 2 | 1.98 | Low |