PPI (MoM) (US)
PPI Turned Positive Again in February After 2 Negative Months
Starts Thursday, April 11, 2019 at 12:30
Updated Thursday, April 11, 2019
Last 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 suddenly jumped by 0.6%. In November though, the pace of increase fell to just 0.1%, so back to normal. But they turned negative again in December, posting a 0.2% decline that month and a 0.1% decline in January. Although, core PPI increased by 0.3% that month. So, it seems that the falling Oil prices towards the end of last year had a negative impact on PPI inflation. In February the PPI returned to positive territory increasing by 0.1% as Oil prices started increasing in January.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.