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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Producer Price Index YoY climbed to 4.8% in April 2026
FMPMonthlyReleased May 2026
South Africa Producer Price Index YoY climbed to 4.8% in April 2026, released May 2026, up 2.5% from March's 2.3% reading. The print exceeded the 2.9% consensus by 1.9%. Producer Price Index YoY has now risen for 3 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 2.05%, vs 2.67% in the prior 3-month window. Producer Price Index YoY is now the highest in 15 months.
Latest Release
4.8
Actual
2.9
Consensus
2.3
Previous
Median Absolute Error
±0.29 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 2.75
Actual: 4.8
Error: -2.05
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.59 | INDEX | Bullish S&P 500 | → View |
| USD/ZAR | ▼ Inverse | −0.28 | FOREX | Bearish USD | → View |
| BTC/USD | ▲ Direct | +0.27 | CRYPTO | Bullish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (South Africa) was reported at 4.8% in May 2026. This beat the market consensus of 2.9% by 1.9%. The reading rose from the previous value of 2.3%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 2.19%, ranging from 0.1% to 4.8% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 2.93%, up from the prior three at 2.9%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.29%.
WHAT TO WATCH NEXT
The next release is scheduled for June 25, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Producer Price Index YoY - ZA
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About Producer Price Index YoY — South Africa
DEFINITION
South Africa's Producer Price Index YoY surged to 4.800% in May, sharply beating the 2.900% estimate and rising from April's 2.300%. This marks a significant acceleration in producer inflation compared to the prior month. The sharp increase pressures the South African Reserve Bank to maintain a hawkish stance amid rising input costs. Updated 5/28/26
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 (Apr 2026): actual 4.8 %, consensus 2.9 %. Prior reading (Mar 2026): 2.3 %. Before that (Feb 2026): 1.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 S&P 500 (Bullish S&P 500, r=0.59) — a useful reference for index-focused traders.