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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Producer Price Index MoM climbed to 1.0% in September 2026
FMPMonthlyReleased October 2026
South Africa Producer Price Index MoM climbed to 1.0% in September 2026, released October 2026, up 1.4% from August's -0.4% reading. The print exceeded the 0.5% consensus by 0.5%. Producer Price Index MoM has now risen for 3 consecutive months. Over the past 3 months, Producer Price Index MoM averaged -0.7%, vs 1.83% in the prior 3-month window. The reading is in the 83rd percentile of the trailing 24-month range.
Latest Release
1
Actual
0.5
Consensus
-0.4
Previous
Median Absolute Error
±0.34 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.05
Actual: 1
Error: -0.95
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 | −0.58 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.36 | 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 October 2026. This beat the market consensus of 0.5% by 0.5%. The reading rose from the previous value of -0.4%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.41%, ranging from -1% to 3% across 12 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -0.13%, down from the prior three at 1.83%. Volatility over the past year (σ 1.16%) is higher than the prior year (σ 0.29%).
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 0.34%.
WHAT TO WATCH NEXT
The next release is scheduled for November 26, 2026. Same-country events in the next 14 days include Unemployment Rate (Nov 10).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Producer Price Index MoM - ZA
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About Producer Price Index MoM — South Africa
DEFINITION
South Africa's Producer Price Index MoM rose 1.000000% in October, beating the 0.500000% estimate. This marks a sharp rebound from September's -0.400000%, signaling renewed inflationary pressures in the producer sector. Markets will watch for further inflation data and central bank responses amid this unexpected uptick. 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 1 %, consensus 0.5 %. Prior reading (Aug 2026): -0.4 %. Before that (Jul 2026): -1 %.
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 EUR/USD (Bearish EUR, r=-0.58) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - ZA Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | ZA | Private Sector Credit YoY | 6.23 | 7.47 | 7.5 | 6.87 | Low |
| 09:30 | ZA | Producer Price Index YoY | 6.2 | 5 | 5.7 | 5.95 | Low |
| 09:30 | ZA | Producer Price Index MoM | 1 | -0.4 | 0.5 | 0.75 | Low |