The Producer Price Index (PPI) Core Output measures the average change over time in the selling prices received by domestic producers for their output, excluding volatile components like food and energy. It serves as a leading indicator for consumer price inflation, as rising costs for producers are often passed on to consumers. A higher than expected reading is generally considered bullish for the currency, while a lower reading is bearish.
The index is calculated by the Bureau of Labor Statistics (BLS) using a modified Laspeyres formula, comparing the current prices of a fixed basket of goods to a base period, excluding food and energy sectors.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 19, 2026 | 0.60 | 0.50 | +0.10 |
| Jul 22, 2026 | 0.50 | 0.20 | +0.30 |
| Jun 17, 2026 | 0.70 | 0.40 | +0.30 |
| May 20, 2026 | 0.90 | 0.30 | +0.60 |
| Apr 22, 2026 | 0.20 | 0.10 | +0.10 |
| Mar 25, 2026 | -0.80 | 0.10 | -0.90 |
| Feb 18, 2026 | 0.20 | 0.10 | +0.10 |
| Jan 21, 2026 | -0.10 | 0.10 | -0.20 |
| Dec 17, 2025 | 0.00 | 0.00 | 0.00 |
| Nov 19, 2025 | 0.10 | 0.10 | 0.00 |
| Oct 22, 2025 | 0.10 | 0.20 | -0.10 |
| Feb 19, 2025 | 0.30 | 0.20 | +0.10 |
| Nov 20, 2024 | 0.30 | — | — |
| Sep 18, 2024 | 0.10 | — | — |
| Jul 17, 2024 | 0.10 | 0.10 | 0.00 |
| Jun 19, 2024 | 0.20 | -0.10 | +0.30 |
| Apr 17, 2024 | 0.30 | 0.40 | -0.10 |
| Mar 20, 2024 | 0.20 | 0.10 | +0.10 |
| Feb 14, 2024 | 0.20 | -0.30 | +0.50 |
| Dec 20, 2023 | 0.00 | -0.20 | +0.20 |
| Nov 15, 2023 | 0.10 | 0.10 | 0.00 |
| Oct 18, 2023 | 0.00 | 0.20 | -0.20 |
| Sep 20, 2023 | -0.10 | 0.30 | -0.40 |
| Aug 16, 2023 | 0.10 | -0.40 | +0.50 |
| Jul 19, 2023 | -0.20 | -0.20 | 0.00 |
| Jun 21, 2023 | -0.30 | 0.10 | -0.40 |
| Apr 19, 2023 | 0.30 | 0.20 | +0.10 |
| Mar 22, 2023 | -0.20 | 0.50 | -0.70 |
| Feb 15, 2023 | 0.60 | -0.20 | +0.80 |
| Jan 25, 2023 | 0.10 | 0.40 | -0.30 |
| Nov 16, 2022 | 0.50 | 1.60 | -1.10 |
| Oct 19, 2022 | 0.70 | 0.50 | +0.20 |
| Sep 14, 2022 | 0.30 | 0.90 | -0.60 |
| Aug 17, 2022 | 1.00 | 0.90 | +0.10 |
| Jul 20, 2022 | 0.80 | 1.20 | -0.40 |
| Jun 22, 2022 | 1.50 | 0.50 | +1.00 |
| May 18, 2022 | 1.60 | 0.90 | +0.70 |
| Apr 13, 2022 | 2.00 | 1.20 | +0.80 |
| Mar 23, 2022 | 0.70 | — | — |
| Feb 16, 2022 | 1.10 | 0.30 | +0.80 |
| Jan 19, 2022 | 0.50 | 0.40 | +0.10 |
| Dec 15, 2021 | 0.80 | 0.30 | +0.50 |
| Nov 17, 2021 | 0.70 | 0.40 | +0.30 |
| Oct 20, 2021 | 0.50 | 0.40 | +0.10 |
| Sep 15, 2021 | 1.00 | 0.30 | +0.70 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jun 17, 2026 | 0.80 | 0.70 | -0.10 ↓ |
| May 20, 2026 | 0.70 | 0.90 | +0.20 ↑ |
