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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Producer Price Index YoY fell to 5.7% in July 2026
FMPMonthlyReleased August 2026
South Africa Producer Price Index YoY fell to 5.7% in July 2026, released August 2026, down 1.8% from June's 7.5% reading. The reading missed the 6.1% consensus by 0.4%. Producer Price Index YoY has now declined for 3 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 7.65%, vs 2.97% in the prior 3-month window. The reading is in the 87th percentile of the trailing 24-month range.
Latest Release
5.7
Actual
6.1
Consensus
7.5
Previous
Median Absolute Error
±0.35 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 6.2
Actual: 5.7
Error: +0.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Producer Price Index YoY (South Africa) was reported at 5.7% in August 2026. This missed the market consensus of 6.1% by 0.4%. The reading fell from the previous value of 7.5%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 3.9%, ranging from 1.8% to 7.8% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 7%, up from the prior three at 2.93%. Volatility over the past year (σ 2.1%) is higher than the prior year (σ 0.43%).
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 0.35%.
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.
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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 came in at 5.700000% for August, missing the 6.100000% estimate and down from July's 7.500000%. The slowdown from July to August signals easing inflationary pressures in producer prices. Market focus now shifts to upcoming inflation data and central bank policy decisions amid this moderation. 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 5.7 %, consensus 6.1 %. Prior reading (Jun 2026): 7.5 %. Before that (May 2026): 7.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection.
Σ
EXPECTED ZONE
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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 | |