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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Producer Price Index YoY climbed to 33.4% in July 2026
FMPMonthlyReleased August 2026
Singapore Producer Price Index YoY climbed to 33.4% in July 2026, released August 2026, up 3.6% from June's 29.8% reading. The print exceeded the 28.5% consensus by 4.9%. The print is running well above the 12-month average of 10.14%. Over the past 3 months, Producer Price Index YoY averaged 32.25%, vs 16.77% in the prior 3-month window. The reading is in the 93rd percentile of the trailing 24-month range.
Latest Release
33.4
Actual
28.5
Consensus
29.8
Previous
Median Absolute Error
±2.01 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 27.63
Actual: 33.4
Error: -5.77
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 | −0.38 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.37 | 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 33.4% in August 2026. This beat the market consensus of 28.5% by 4.9%. The reading rose from the previous value of 29.8%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 11.56%, ranging from -6% to 34.2% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 32.63%, up from the prior three at 7.57%. Volatility over the past year (σ 16%) is higher than the prior year (σ 3.89%).
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 2.01%.
WHAT TO WATCH NEXT
The next release is scheduled for September 29, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 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 rose to 33.400% in August, beating the 28.500% estimate and up from July's 30.300%. This marks a continued acceleration in producer inflation compared to the prior month. Market focus will remain on how this persistent inflationary pressure influences the Monetary Authority of Singapore's policy stance. Updated 8/28/26
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 33.4 %, consensus 28.5 %. Prior reading (Jun 2026): 30.3 %. Before that (May 2026): 34.2 %.
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 tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - SG Events
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | SG | Balance of Trade | 10.724 | 11 | 10.29 | Low | |
| 00:30 | SG | Non-Oil Exports YoY | 24.2 | 35 | 39.20 | Low | |
| 02:30 | SG | Unemployment Rate | 2 | 2 | 2.00 | Low | |