Indicator guide
PPI Explained: Producer Inflation & CPI Lead-In
PPI tracks factory-gate prices -- a leading indicator for consumer inflation when margins are passed through. Traders use it as a CPI cross-check the day before or after the main inflation print.
Next release
PPI (July 2026) -- final demand, MoM
Thursday, 13 August 2026 · 12:30 UTCforecast: ~+0.1% MoM
View on calendar →What it is
The BLS Producer Price Index measures average change in selling prices received by domestic producers for their output, including goods and services components.
Why traders care
Hot PPI can front-run a hot CPI and tighten financial conditions early; soft PPI can ease rate fears ahead of the consumer print. Lower liquidity than CPI means spikes can be violent but fade faster.
Release schedule
Usually mid-month, often the day after CPI in the same release week.
Typical time: 12:30 UTC
Assets most affected
USDGoldStocks