United States USD

United States Core PPI MoM

Info

History

Chart

Impact:

High

Source: U.S. Department of Labor

Latest Release:

Date:

Surprise:

0.2%

USD

Actual:

0.5%

Forecast: 0.3%

Previous/Revision:

0.8%

Period: Feb

Next Release:

Date:

Period: Mar

What Does It Measure?

The United States Core Producer Price Index (PPI) Month-over-Month (MoM) measures the average change in selling prices received by domestic producers for their output, excluding food and energy prices due to their volatility. This indicator primarily focuses on inflationary trends at the wholesale level, providing insights into production costs and service costs, with key indicators including any price increases or decreases compared to the previous month.

Frequency

The Core PPI MoM is released on a monthly basis, typically around the 10th business day of each month as a preliminary estimate subject to later revisions.

Why Do Traders Care?

Traders monitor the Core PPI as it serves as a crucial inflation gauge that can signal potential changes in consumer prices, influencing monetary policy decisions by the Federal Reserve. Higher-than-expected readings may strengthen the U.S. dollar and boost equities, while lower-than-expected results could lead to bearish responses in these markets.

What Is It Derived From?

The Core PPI is derived from a survey of various producers in the manufacturing and services sectors, capturing data about price changes for their products and services. This indicator is calculated using a weighted average of price changes, which is based on the volume of goods produced or sold, ensuring that larger industries have a significant impact on the overall index.

Description

The Core PPI MoM reflects the short-term inflationary pressures on producers, allowing economists and traders to gauge underlying price trends within the economy while excluding more volatile categories such as food and energy. This methodology is essential to identify more stable inflation trends that may influence broader economic policies.

Additional Notes

As a leading measure of inflation, the Core PPI serves as a precursor to consumer price changes, impacting future economic trends such as spending and investment. Its relevance is heightened as it is compared to other indices like the Consumer Price Index (CPI), which measures consumer-level price changes and often follows similar trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually bad for the USD but good for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Mar 18, 2026	0.5%	0.3%	0.8%	0.2%
Feb 27, 2026	0.8%	0.3%	0.6%	0.5%
Jan 30, 2026	0.7%	0.2%	0%	0.5%
Jan 14, 2026	0.3%	0.2%	0.4%	0.1%
Jan 14, 2026	0%	0.2%	0.3%	-0.2%
Nov 25, 2025	0.1%	0.2%	-0.1%	-0.1%
Sep 10, 2025	-0.1%	0.3%	0.7%	-0.4%
Aug 14, 2025	0.9%	0.2%	0%	0.7%
Jul 16, 2025	0%	0.2%	0.4%	-0.2%
Jun 12, 2025	0.1%	0.3%	-0.2%	-0.2%
May 15, 2025	-0.4%	0.3%	0.4%	-0.7%
Apr 11, 2025	-0.1%	0.3%	0.1%	-0.4%
Mar 13, 2025	-0.1%	0.3%	0.5%	-0.4%
Feb 13, 2025	0.3%	0.3%	0.4%
Jan 14, 2025	0%	0.3%	0.2%	-0.3%
Dec 12, 2024	0.2%	0.2%	0.3%
Nov 14, 2024	0.3%	0.3%	0.2%
Oct 11, 2024	0.2%	0.2%	0.3%
Sep 12, 2024	0.3%	0.2%	-0.2%	0.1%
Aug 13, 2024	0%	0.2%	0.3%	-0.2%
Jul 12, 2024	0.4%	0.2%	0.3%	0.2%
Jun 13, 2024	0%	0.3%	0.5%	-0.3%
May 14, 2024	0.5%	0.2%	-0.1%	0.3%
Apr 11, 2024	0.2%	0.2%	0.3%
Mar 14, 2024	0.3%	0.2%	0.5%	0.1%
Feb 16, 2024	0.5%	0.1%	-0.1%	0.4%
Jan 12, 2024	0%	0.2%	0%	-0.2%
Dec 13, 2023	0%	0.2%	0%	-0.2%
Nov 15, 2023	0%	0.3%	0.2%	-0.3%
Oct 11, 2023	0.3%	0.2%	0.2%	0.1%
Sep 14, 2023	0.2%	0.2%	0.4%
Aug 11, 2023	0.3%	0.2%	-0.1%	0.1%
Jul 13, 2023	0.1%	0.2%	0.1%	-0.1%
Jun 14, 2023	0.2%	0.2%	0.2%
May 11, 2023	0.2%	0.2%	0%
Apr 13, 2023	-0.1%	0.3%	0.2%	-0.4%
Mar 15, 2023	0%	0.4%	0.1%	-0.4%
Feb 16, 2023	0.5%	0.3%	0.3%	0.2%
Jan 18, 2023	0.1%	0.1%	0.2%
Dec 09, 2022	0.4%	0.2%	0.1%	0.2%
Nov 15, 2022	0%	0.3%	0.2%	-0.3%
Oct 12, 2022	0.3%	0.3%	0.3%
Sep 14, 2022	0.4%	0.3%	0.3%	0.1%
Aug 11, 2022	0.2%	0.4%	0.4%	-0.2%
Jul 14, 2022	0.4%	0.5%	0.6%	-0.1%
Jun 14, 2022	0.5%	0.6%	0.2%	-0.1%
May 12, 2022	0.4%	0.6%	1.2%	-0.2%
Apr 13, 2022	1%	0.5%	0.4%	0.5%
Mar 15, 2022	0.2%	0.6%	1%	-0.4%
Feb 15, 2022	0.8%	0.5%	0.6%	0.3%
Jan 13, 2022	0.5%	0.5%	0.9%
Dec 14, 2021	0.7%	0.4%	0.4%	0.3%
Nov 09, 2021	0.4%	0.5%	0.2%	-0.1%
Oct 14, 2021	0.2%	0.5%	0.6%	-0.3%
Sep 10, 2021	0.6%	0.5%	1%	0.1%
Aug 12, 2021	1%	0.5%	1%	0.5%
Jul 14, 2021	1%	0.5%	0.7%	0.5%
Jun 15, 2021	0.7%	0.5%	0.7%	0.2%
May 13, 2021	0.7%	0.4%	0.7%	0.3%
Apr 09, 2021	0.7%	0.2%	0.2%	0.5%
Mar 12, 2021	0.2%	0.2%	1.2%
Feb 17, 2021	1.2%	0.2%	0.1%	1%
Jan 15, 2021	0.1%	0.2%	0.1%	-0.1%
Dec 11, 2020	0.1%	0.2%	0.1%	-0.1%
Nov 13, 2020	0.1%	0.2%	0.4%	-0.1%
Oct 14, 2020	0.4%	0.2%	0.4%	0.2%
Sep 10, 2020	0.4%	0.2%	0.5%	0.2%
Aug 11, 2020	0.5%	0.1%	-0.3%	0.4%
Jul 10, 2020	-0.3%	0.1%	-0.1%	-0.4%
Jun 11, 2020	-0.1%	-0.1%	-0.3%
May 13, 2020	-0.3%	0%	0.2%	-0.3%
Apr 09, 2020	0.2%	0%	-0.3%	0.2%
Mar 12, 2020	-0.3%	0.1%	0.5%	-0.4%
Feb 19, 2020	0.5%	0.1%	0.1%	0.4%
Jan 15, 2020	0.1%	0.2%	-0.2%	-0.1%
Dec 12, 2019	-0.2%	0.2%	0.3%	-0.4%
Nov 14, 2019	0.3%	0.2%	-0.3%	0.1%
Oct 08, 2019	-0.3%	0.2%	0.3%	-0.5%
Sep 11, 2019	0.3%	0.2%	-0.1%	0.1%
Aug 09, 2019	-0.1%	0.2%	0.3%	-0.3%
Jul 12, 2019	0.3%	0.2%	0.2%	0.1%
Jun 11, 2019	0.2%	0.2%	0.1%
May 09, 2019	0.1%	0.2%	0.3%	-0.1%
Apr 11, 2019	0.3%	0.2%	0.1%	0.1%
Mar 13, 2019	0.1%	0.2%	0.3%	-0.1%
Feb 14, 2019	0.3%	0.2%	0%	0.1%
Jan 15, 2019	-0.1%	0.2%	0.3%	-0.3%
Dec 11, 2018	0.3%	0.1%	0.5%	0.2%
Nov 09, 2018	0.5%	0.2%	0.2%	0.3%
Oct 10, 2018	0.2%	0.2%	-0.1%