PPI (MoM) (US)
PPI cools Off After a Sudden Jump in October
Starts Saturday, January 19, 2019 at 17:03
Updated Tuesday, January 15, 2019
This year, prices increased in the first half after a pretty soft year in 2017, but in August they declined by 0.1% against 0.2% expected. In September, the producer price index (PPI) came back to normal, increasing by 0.2%. In October, PPI increased again by 0.2% and in October, PPI suddenly jumped by 0.6%. In November though, the pace of increase fell to just 0.1%, so back to normal. 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.