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PPI m/m (US Data)
Posted by
13-Dec-13 01:45PM
PPI (Producer Price Index) is a leading indicator of consumer inflation- when producers charge more for goods and services the higher costs are usually passed on to the consumer.
It is also called Finished Goods PPI and Wholesale Prices.
Department of Labor released this data monthly, about 17 days after the month ends.
It is measures by the change in the price of finished goods and services sold by producers.
Usual effect if Actual comes > Forecast = Good for Currency (Important for USD).
PPI Data more impact when it is released ahead of the CPI data because the reports are significantly correlated.
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