diff --git a/target/ppc/translate.c b/target/ppc/translate.c
index 6c68d7006a..abdef7e291 100644
--- a/target/ppc/translate.c
+++ b/target/ppc/translate.c
@@ -157,6 +157,7 @@ void ppc_translate_init(void)
 /* internal defines */
 struct DisasContext {
     DisasContextBase base;
+    target_ulong cia;  /* current instruction address */
     uint32_t opcode;
     uint32_t exception;
     /* Routine used to access memory */
@@ -256,7 +257,7 @@ static void gen_exception_err(DisasContext *ctx, uint32_t excp, uint32_t error)
      * faulting instruction
      */
     if (ctx->exception == POWERPC_EXCP_NONE) {
-        gen_update_nip(ctx, ctx->base.pc_next - 4);
+        gen_update_nip(ctx, ctx->cia);
     }
     t0 = tcg_const_i32(excp);
     t1 = tcg_const_i32(error);
@@ -275,7 +276,7 @@ static void gen_exception(DisasContext *ctx, uint32_t excp)
      * faulting instruction
      */
     if (ctx->exception == POWERPC_EXCP_NONE) {
-        gen_update_nip(ctx, ctx->base.pc_next - 4);
+        gen_update_nip(ctx, ctx->cia);
     }
     t0 = tcg_const_i32(excp);
     gen_helper_raise_exception(cpu_env, t0);
@@ -4137,7 +4138,7 @@ static void gen_eieio(DisasContext *ctx)
          */
         if (!(ctx->insns_flags2 & PPC2_ISA300)) {
             qemu_log_mask(LOG_GUEST_ERROR, "invalid eieio using bit 6 at @"
-                          TARGET_FMT_lx "\n", ctx->base.pc_next - 4);
+                          TARGET_FMT_lx "\n", ctx->cia);
         } else {
             bar = TCG_MO_ST_LD;
         }
@@ -4806,14 +4807,14 @@ static void gen_b(DisasContext *ctx)
     li = LI(ctx->opcode);
     li = (li ^ 0x02000000) - 0x02000000;
     if (likely(AA(ctx->opcode) == 0)) {
-        target = ctx->base.pc_next + li - 4;
+        target = ctx->cia + li;
     } else {
         target = li;
     }
     if (LK(ctx->opcode)) {
         gen_setlr(ctx, ctx->base.pc_next);
     }
-    gen_update_cfar(ctx, ctx->base.pc_next - 4);
+    gen_update_cfar(ctx, ctx->cia);
     gen_goto_tb(ctx, 0, target);
 }
 
@@ -4912,11 +4913,11 @@ static void gen_bcond(DisasContext *ctx, int type)
         }
         tcg_temp_free_i32(temp);
     }
-    gen_update_cfar(ctx, ctx->base.pc_next - 4);
+    gen_update_cfar(ctx, ctx->cia);
     if (type == BCOND_IM) {
         target_ulong li = (target_long)((int16_t)(BD(ctx->opcode)));
         if (likely(AA(ctx->opcode) == 0)) {
-            gen_goto_tb(ctx, 0, ctx->base.pc_next + li - 4);
+            gen_goto_tb(ctx, 0, ctx->cia + li);
         } else {
             gen_goto_tb(ctx, 0, li);
         }
@@ -5032,7 +5033,7 @@ static void gen_rfi(DisasContext *ctx)
     if (tb_cflags(ctx->base.tb) & CF_USE_ICOUNT) {
         gen_io_start();
     }
-    gen_update_cfar(ctx, ctx->base.pc_next - 4);
+    gen_update_cfar(ctx, ctx->cia);
     gen_helper_rfi(cpu_env);
     gen_sync_exception(ctx);
 #endif
@@ -5049,7 +5050,7 @@ static void gen_rfid(DisasContext *ctx)
     if (tb_cflags(ctx->base.tb) & CF_USE_ICOUNT) {
         gen_io_start();
     }
-    gen_update_cfar(ctx, ctx->base.pc_next - 4);
+    gen_update_cfar(ctx, ctx->cia);
     gen_helper_rfid(cpu_env);
     gen_sync_exception(ctx);
 #endif
@@ -5066,7 +5067,7 @@ static void gen_rfscv(DisasContext *ctx)
     if (tb_cflags(ctx->base.tb) & CF_USE_ICOUNT) {
         gen_io_start();
     }
-    gen_update_cfar(ctx, ctx->base.pc_next - 4);
+    gen_update_cfar(ctx, ctx->cia);
     gen_helper_rfscv(cpu_env);
     gen_sync_exception(ctx);
 #endif
@@ -5109,7 +5110,7 @@ static void gen_scv(DisasContext *ctx)
 
     /* Set the PC back to the faulting instruction. */
     if (ctx->exception == POWERPC_EXCP_NONE) {
-        gen_update_nip(ctx, ctx->base.pc_next - 4);
+        gen_update_nip(ctx, ctx->cia);
     }
     gen_helper_scv(cpu_env, tcg_constant_i32(lev));
 
@@ -5317,7 +5318,7 @@ static inline void gen_op_mfspr(DisasContext *ctx)
             if (sprn != SPR_PVR) {
                 qemu_log_mask(LOG_GUEST_ERROR, "Trying to read privileged spr "
                               "%d (0x%03x) at " TARGET_FMT_lx "\n", sprn, sprn,
-                              ctx->base.pc_next - 4);
+                              ctx->cia);
             }
             gen_priv_exception(ctx, POWERPC_EXCP_PRIV_REG);
         }
@@ -5331,7 +5332,7 @@ static inline void gen_op_mfspr(DisasContext *ctx)
         /* Not defined */
         qemu_log_mask(LOG_GUEST_ERROR,
                       "Trying to read invalid spr %d (0x%03x) at "
-                      TARGET_FMT_lx "\n", sprn, sprn, ctx->base.pc_next - 4);
+                      TARGET_FMT_lx "\n", sprn, sprn, ctx->cia);
 
         /*
          * The behaviour depends on MSR:PR and SPR# bit 0x10, it can
@@ -5495,7 +5496,7 @@ static void gen_mtspr(DisasContext *ctx)
             /* Privilege exception */
             qemu_log_mask(LOG_GUEST_ERROR, "Trying to write privileged spr "
                           "%d (0x%03x) at " TARGET_FMT_lx "\n", sprn, sprn,
-                          ctx->base.pc_next - 4);
+                          ctx->cia);
             gen_priv_exception(ctx, POWERPC_EXCP_PRIV_REG);
         }
     } else {
@@ -5509,7 +5510,7 @@ static void gen_mtspr(DisasContext *ctx)
         /* Not defined */
         qemu_log_mask(LOG_GUEST_ERROR,
                       "Trying to write invalid spr %d (0x%03x) at "
-                      TARGET_FMT_lx "\n", sprn, sprn, ctx->base.pc_next - 4);
+                      TARGET_FMT_lx "\n", sprn, sprn, ctx->cia);
 
 
         /*
@@ -9148,6 +9149,7 @@ static void ppc_tr_translate_insn(DisasContextBase *dcbase, CPUState *cs)
     LOG_DISAS("nip=" TARGET_FMT_lx " super=%d ir=%d\n",
               ctx->base.pc_next, ctx->mem_idx, (int)msr_ir);
 
+    ctx->cia = ctx->base.pc_next;
     ctx->opcode = translator_ldl_swap(env, ctx->base.pc_next,
                                       need_byteswap(ctx));
 
@@ -9177,7 +9179,7 @@ static void ppc_tr_translate_insn(DisasContextBase *dcbase, CPUState *cs)
                       TARGET_FMT_lx " %d\n",
                       opc1(ctx->opcode), opc2(ctx->opcode),
                       opc3(ctx->opcode), opc4(ctx->opcode),
-                      ctx->opcode, ctx->base.pc_next - 4, (int)msr_ir);
+                      ctx->opcode, ctx->cia, (int)msr_ir);
     } else {
         uint32_t inval;
 
@@ -9194,7 +9196,7 @@ static void ppc_tr_translate_insn(DisasContextBase *dcbase, CPUState *cs)
                           TARGET_FMT_lx "\n", ctx->opcode & inval,
                           opc1(ctx->opcode), opc2(ctx->opcode),
                           opc3(ctx->opcode), opc4(ctx->opcode),
-                          ctx->opcode, ctx->base.pc_next - 4);
+                          ctx->opcode, ctx->cia);
             gen_inval_exception(ctx, POWERPC_EXCP_INVAL_INVAL);
             ctx->base.is_jmp = DISAS_NORETURN;
             return;