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Data from U.K. Office for National Statistics. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom PPI Input YoY climbed to 7.7% in April 2026
U.K. Office for National StatisticsMonthlyReleased May 2026
United Kingdom PPI Input YoY climbed to 7.7% in April 2026, released May 2026, up 2.4% from March's 5.3% reading. The print came in hotter than the 5.9% consensus, a hotter print than forecasters anticipated. PPI Input YoY has now risen for 4 consecutive months. Over the past 3 months, PPI Input YoY averaged 2.95%, vs 0.45% in the prior 3-month window. PPI Input YoY is now the highest in 37 months.
Latest Release
7.7
Actual
5.9
Consensus
5.3
Previous
Median Absolute Error
±0.49 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 5.95
Actual: 7.7
Error: -1.75
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 YoY (United Kingdom) was reported at 7.7% in May 2026. This beat the market consensus of 5.9% by 1.8%. The reading rose from the previous value of 5.3%. 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 2.67%, up from the prior three at 0.5%.
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 0.49%.
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 YoY - UK
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About PPI Input YoY — United Kingdom
DEFINITION
PPI Input YoY (Producer Price Index Input Year-over-Year) is a financial indicator that measures the change in the average prices paid by domestic producers for goods and services used in the production process over a 12-month period. This indicator provides valuable insights into the cost of production for businesses and can be used to anticipate potential changes in consumer prices. It is a key tool for analyzing inflation and overall economic 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 7.7 %, consensus 5.9 %. Prior reading (Mar 2026): 5.4 %. Before that (Feb 2026): 0.5 %.
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.