PPI (MoM) (US)
Steady producer inflation in the US
Starts Saturday, August 18, 2018 at 16:03
Updated Thursday, August 9, 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, so it wouldn't be a surprise if today's number comes slightly better than expected. The core PPI figures are released at the same time and they will take some of the attention as well. Core PPI is expected at 0.2% as well. 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.