The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output over a 12-month period. It is a leading indicator of consumer inflation because when producers pay more for goods and services, they are likely to pass those higher costs on to consumers. This annual perspective helps smooth out monthly volatility and reveals long-term inflationary trends in the production sector.
The PPI is calculated by comparing the current prices of a fixed basket of goods at the first stage of commercial transaction to the prices from the same month in the previous year.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 18, 2026 | — | 4.00 | — |
| Aug 20, 2026 | 3.00 | 2.70 | +0.30 |
| Jul 20, 2026 | 1.80 | 1.80 | 0.00 |
| Jun 19, 2026 | 2.20 | 2.50 | -0.30 |
| May 20, 2026 | 1.70 | 1.50 | +0.20 |
| Apr 20, 2026 | -0.20 | -1.80 | +1.60 |
| Mar 20, 2026 | -3.30 | -2.70 | -0.60 |
| Feb 20, 2026 | -3.00 | -2.10 | -0.90 |
| Jan 20, 2026 | -2.50 | -2.40 | -0.10 |
| Dec 19, 2025 | -2.30 | -2.20 | -0.10 |
| Nov 20, 2025 | -1.80 | -1.90 | +0.10 |
| Oct 20, 2025 | -1.70 | -1.90 | +0.20 |
| Sep 19, 2025 | -2.20 | -1.70 | -0.50 |
| Aug 20, 2025 | -1.50 | -1.30 | -0.20 |
| Jul 18, 2025 | -1.30 | -1.30 | 0.00 |
| Jun 20, 2025 | -1.20 | -1.20 | 0.00 |
| May 20, 2025 | -0.90 | -0.60 | -0.30 |
| Apr 17, 2025 | -0.20 | 0.40 | -0.60 |
| Mar 20, 2025 | 0.70 | 1.00 | -0.30 |
| Feb 20, 2025 | 0.50 | 1.30 | -0.80 |
| Jan 20, 2025 | 0.80 | 1.10 | -0.30 |
| Dec 20, 2024 | 0.10 | -0.30 | +0.40 |
| Nov 20, 2024 | -1.10 | -1.10 | 0.00 |
| Oct 21, 2024 | -1.40 | -0.80 | -0.60 |
| Sep 20, 2024 | -0.80 | -1.00 | +0.20 |
| Aug 20, 2024 | -0.80 | -0.80 | 0.00 |
| Jul 19, 2024 | -1.60 | -1.60 | 0.00 |
| Jun 20, 2024 | -2.20 | -2.00 | -0.20 |
| May 21, 2024 | -3.30 | -3.20 | -0.10 |
| Apr 19, 2024 | -2.90 | -4.20 | +1.30 |
| Mar 20, 2024 | -4.10 | -3.80 | -0.30 |
| Mar 8, 2024 | -4.40 | -6.60 | +2.20 |
| Jan 19, 2024 | -8.60 | -8.00 | -0.60 |
| Dec 20, 2023 | -7.90 | -7.50 | -0.40 |
| Nov 20, 2023 | -11.00 | -11.00 | 0.00 |
| Oct 20, 2023 | -14.70 | -14.20 | -0.50 |
| Sep 20, 2023 | -12.60 | -12.60 | 0.00 |
| Aug 21, 2023 | -6.00 | -5.10 | -0.90 |
| Jul 20, 2023 | 0.10 | -0.20 | +0.30 |
| Jun 20, 2023 | 1.00 | 1.70 | -0.70 |
| May 19, 2023 | 4.10 | 4.00 | +0.10 |
| Apr 20, 2023 | 7.50 | 9.80 | -2.30 |
| Mar 20, 2023 | 15.80 | 14.50 | +1.30 |
| Feb 17, 2023 | 17.80 | 16.40 | +1.40 |
| Jan 20, 2023 | 21.60 | 20.80 | +0.80 |
| Dec 20, 2022 | 28.20 | 30.60 | -2.40 |
| Nov 21, 2022 | 34.50 | 41.50 | -7.00 |
| Oct 20, 2022 | 45.80 | 44.70 | +1.10 |
| Sep 20, 2022 | 45.80 | 37.10 | +8.70 |
| Aug 19, 2022 | 37.20 | 32.00 | +5.20 |
| Jul 20, 2022 | 32.70 | 33.90 | -1.20 |
