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Data from U.K. Office for National Statistics. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom PPI Input MoM fell to 2.4% in April 2026
U.K. Office for National StatisticsMonthlyReleased May 2026
United Kingdom PPI Input MoM fell to 2.4% in April 2026, released May 2026, down 1.9% from March's 4.3% reading. The print came in hotter than the 1.0% consensus, a hotter print than forecasters anticipated. The print is running well above the 12-month average of 0.42%. Over the past 3 months, PPI Input MoM averaged 2.6%, vs 0.35% in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
2.4
Actual
1
Consensus
4.3
Previous
Median Absolute Error
±0.2 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.15
Actual: 2.4
Error: -1.25
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 |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI Input MoM (United Kingdom) was reported at 2.4% in May 2026. This beat the market consensus of 1% by 1.4%. The reading fell from the previous value of 4.3%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.2%, up from the prior three at 0.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.2%.
WHAT TO WATCH NEXT
The next release is scheduled for June 17, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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PPI Input MoM - UK
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About PPI Input MoM — United Kingdom
DEFINITION
PPI Input MoM (Producer Price Index Input Month-over-Month) is a key economic indicator that measures the change in the average prices paid by domestic producers for their inputs on a monthly basis. This indicator provides valuable insights into the cost of production for businesses and can impact inflation and consumer prices. It is closely monitored by economists, investors, and policymakers as a gauge of overall economic health and potential future price trends.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. 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 2.4 %, consensus 1 %. Prior reading (Mar 2026): 4.4 %. Before that (Feb 2026): 0.8 %.
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 GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.