The Producer Price Index (PPI) Core Output measures the annual change in the prices of goods sold by manufacturers, excluding volatile components like food, beverages, tobacco, and petroleum. It serves as a leading indicator of consumer price inflation, as changes in producer prices are often passed on to consumers. This specific metric focuses on the 'factory gate' prices of finished products ready for sale. It is a critical gauge for central banks when assessing underlying inflationary pressures.
Calculated using a weighted average of price changes for a representative basket of manufactured goods. It excludes taxes and focuses on the net price received by the producer at the point of sale.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 19, 2026 | 2.80 | 2.70 | +0.10 |
| Jul 22, 2026 | 2.60 | 2.30 | +0.30 |
| Jun 17, 2026 | 2.30 | 2.40 | -0.10 |
| May 20, 2026 | 2.60 | 1.90 | +0.70 |
| Apr 22, 2026 | 2.00 | 3.10 | -1.10 |
| Mar 25, 2026 | 1.90 | 3.20 | -1.30 |
| Feb 18, 2026 | 2.90 | 3.30 | -0.40 |
| Jan 21, 2026 | 3.20 | 3.40 | -0.20 |
| Dec 17, 2025 | 3.50 | 3.40 | +0.10 |
| Nov 19, 2025 | 3.50 | 3.60 | -0.10 |
| Oct 22, 2025 | 3.60 | 2.90 | +0.70 |
| Feb 19, 2025 | 1.50 | 1.30 | +0.20 |
| Jan 15, 2025 | 1.50 | 2.10 | -0.60 |
| Dec 18, 2024 | 1.60 | 2.00 | -0.40 |
| Nov 20, 2024 | 1.70 | 1.30 | +0.40 |
| Oct 16, 2024 | 1.40 | 2.00 | -0.60 |
| Sep 18, 2024 | 1.30 | 1.20 | +0.10 |
| Aug 14, 2024 | 1.00 | 1.10 | -0.10 |
| Jul 17, 2024 | 1.10 | 2.20 | -1.10 |
| Jun 19, 2024 | 1.00 | 0.50 | +0.50 |
| May 22, 2024 | 0.20 | 0.40 | -0.20 |
| Apr 17, 2024 | 0.10 | 0.20 | -0.10 |
| Mar 20, 2024 | 0.30 | 0.10 | +0.20 |
| Feb 14, 2024 | -0.40 | -0.70 | +0.30 |
| Jan 17, 2024 | 0.10 | 0.10 | 0.00 |
| Dec 20, 2023 | 0.20 | -0.20 | +0.40 |
| Nov 15, 2023 | 0.20 | 0.20 | 0.00 |
| Oct 18, 2023 | 0.70 | 1.00 | -0.30 |
| Sep 20, 2023 | 1.60 | 2.10 | -0.50 |
| Aug 16, 2023 | 2.30 | 1.90 | +0.40 |
| Jul 19, 2023 | 3.00 | 2.80 | +0.20 |
| Jun 21, 2023 | 4.10 | 4.70 | -0.60 |
| May 24, 2023 | 6.00 | 7.30 | -1.30 |
| Apr 19, 2023 | 8.50 | 8.60 | -0.10 |
| Mar 22, 2023 | 10.40 | 10.90 | -0.50 |
| Feb 15, 2023 | 11.10 | 10.60 | +0.50 |
| Jan 25, 2023 | 12.40 | 11.50 | +0.90 |
| Nov 16, 2022 | 13.30 | 14.20 | -0.90 |
| Oct 19, 2022 | 14.00 | 13.70 | +0.30 |
| Sep 14, 2022 | 13.70 | 14.60 | -0.90 |
| Aug 17, 2022 | 14.60 | 14.80 | -0.20 |
| Jul 20, 2022 | 15.20 | 15.10 | +0.10 |
| Jun 22, 2022 | 14.80 | 12.70 | +2.10 |
| May 18, 2022 | 13.00 | 11.80 | +1.20 |
| Apr 13, 2022 | 12.00 | 11.10 | +0.90 |
| Mar 23, 2022 | 9.90 | — | — |
| Feb 16, 2022 | 9.30 | 8.80 | +0.50 |
| Jan 19, 2022 | 8.70 | 8.10 | +0.60 |
| Dec 15, 2021 | 7.90 | 6.80 | +1.10 |
| Nov 17, 2021 | 6.50 | 6.00 | +0.50 |
| Date | First print | Current | Revision |
|---|---|---|---|
| May 20, 2026 | 2.40 | 2.60 | +0.20 ↑ |
