Here is what you need to know about the upcoming PPI report.
November 15, 2022
- Expected: 8.3%
- Previous: 8.5%
- Highest PPI this year was 11.6% back in March 2022
What is PPI? :
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Why is PPI useful for investors? :
PPI tracks inflations on the producer side, so if you see inflation hitting producers, you can assume consumers will later be hit with higher inflation as producers raise their prices to maintain profit margins and vise versa. By being able to forecast higher CPI you can then expect markets to drop as the Federal reserve will most likely raise interest rates to lower inflation.
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