Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Producer Price Index MoM fell to -1.0% in July 2026
FMPMonthlyReleased August 2026
South Africa Producer Price Index MoM fell to -1.0% in July 2026, released August 2026, down 0.9% from June's -0.1% reading. The reading missed the -0.4% consensus by 0.6%. Producer Price Index MoM has now declined for 4 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 1.25%, vs 1.37% in the prior 3-month window. Producer Price Index MoM is now the lowest in 18 months.
Latest Release
-1
Actual
-0.4
Consensus
-0.1
Previous
Median Absolute Error
±0.28 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: -0.65
Actual: -1
Error: +0.35
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 |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.54 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.38 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (South Africa) was reported at -1% in August 2026. This missed the market consensus of -0.4% by 0.6%. The reading fell from the previous value of -0.1%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.42%, ranging from -1% to 3% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.5%, down from the prior three at 0.93%. Volatility over the past year (σ 1.17%) is higher than the prior year (σ 0.31%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.28%.
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Sep 23) and Inflation Rate YoY (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
SHARE
Producer Price Index MoM - ZA
Loading chart data...
About Producer Price Index MoM — South Africa
DEFINITION
South Africa's Producer Price Index MoM fell by -1.000000% in August, missing the -0.400000% estimate and declining sharply from July's -0.100000%. This marks a significant contraction in producer prices, indicating easing inflationary pressures at the wholesale level. Market participants will watch upcoming inflation data closely as the central bank maintains a cautious stance amid slowing price growth. Updated 8/27/26
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 -1 %, consensus -0.4 %. Prior reading (Jun 2026): -0.1 %. Before that (May 2026): 2.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.54) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - ZA Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ZA | Inflation Expectations | 4.2 | 4.4 | 4.40 | Low | |
| 11:00 | ZA | Retail Sales MoM | -0.6 | 0.7 | 1.65 | Low | |
| 11:00 | ZA | Retail Sales YoY | 1.6 | -3 | -2.70 | Low | |