PPI (MoM) (US)
A Sudden Jump in Import Prices in October
Starts Tuesday, December 18, 2018 at 17:03
Updated Monday, December 10, 2018
At 0.1%, the producer price inflation PPI report showed a softening in May, but it picked up strongly to 0.5% in June. In July, it came back to the normal range for this year at 0.3%. This year, prices have increased after a pretty soft year in 2017, but in August they fell flat to 0.0% from 0.2% expected. In September, PPI index softened further, declining by 0.1%. In October, PPI increased again by 0.2% and in October, PPI suddenly jumped by 0.6%. That might translate into higher CPI inflation in November and December. Follow us for live coverage of the economic calendar by experienced analysts.
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About PPI (MoM) (US)
Released by the Bureau of Labor Statistics, the Producer Price Index (PPI) measures the change in the prices of commodities for U.S. producers. A secondary economic metric, PPI is designed to act as a production-level indicator facing inflation. PPI is also very useful in identifying trends and volatility in commodity pricing.PPI (MoM) is made available on a monthly basis. A high reading is commonly interpreted as bullish for the USD, while lower than expected numbers are viewed as bearish. In a similar fashion as CPI, PPI reports are used by the U.S. FED to craft monetary policy decisions.