The Bureau of Labor Statistics is releasing the Producer Price Index (PPI) in an hour. The producer’s price index is considered a leading indicator of consumer inflation. As, when producers charge extra for goods and services the higher costs are usually passed on to the consumer. So, the higher PPI can lead to higher CPI which pressures central banks to release hawkish monetary policies.
The current PPI figure is anticipated to fell by -0.1% in December, which is half of the rate of November 2018.