The Producer Price Index (PPI) excluding Food, Energy, and Trade services measures the annual change in prices received by domestic producers for their output. By stripping out volatile components like food and energy, as well as trade margins, it provides a more stable view of underlying inflationary pressures at the wholesale level. This indicator is often considered a leading indicator for consumer price inflation, as rising production costs are typically passed on to consumers.
The index is calculated using a modified Laspeyres formula, weighing price changes for goods and services based on their production value. It specifically excludes volatile categories to isolate core industrial inflation trends.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 13, 2026 | 4.70 | 5.10 | -0.40 |
| Jul 15, 2026 | 5.10 | 5.00 | +0.10 |
| Jun 11, 2026 | 5.10 | 4.40 | +0.70 |
| May 13, 2026 | 4.40 | 3.70 | +0.70 |
| Apr 14, 2026 | 3.70 | 3.50 | +0.20 |
| Mar 18, 2026 | 3.50 | 3.30 | +0.20 |
| Feb 27, 2026 | 3.40 | 3.40 | 0.00 |
| Jan 30, 2026 | 3.50 | 3.50 | 0.00 |
| Jan 14, 2026 | 3.50 | 2.80 | +0.70 |
| Nov 25, 2025 | 2.90 | 2.70 | +0.20 |
| Sep 10, 2025 | 2.80 | 2.90 | -0.10 |
| Aug 14, 2025 | 2.80 | 2.50 | +0.30 |
| Jul 16, 2025 | 2.50 | 2.60 | -0.10 |
| Jun 12, 2025 | 2.70 | 2.90 | -0.20 |
| May 15, 2025 | 2.90 | 3.40 | -0.50 |
| Apr 11, 2025 | 3.40 | 3.30 | +0.10 |
| Mar 13, 2025 | 3.30 | 3.40 | -0.10 |
| Feb 13, 2025 | 3.40 | 3.20 | +0.20 |
| Jan 14, 2025 | 3.30 | 3.60 | -0.30 |
| Dec 12, 2024 | 3.50 | 3.60 | -0.10 |
| Nov 14, 2024 | 3.50 | 3.10 | +0.40 |
| Oct 11, 2024 | 3.20 | 3.20 | 0.00 |
| Sep 12, 2024 | 3.30 | 3.30 | 0.00 |
| Aug 13, 2024 | 3.30 | 3.10 | +0.20 |
| Jul 12, 2024 | 3.10 | 3.20 | -0.10 |
| Jun 13, 2024 | 3.20 | 3.10 | +0.10 |
| May 14, 2024 | 3.10 | 2.80 | +0.30 |
| Apr 11, 2024 | 2.80 | 3.00 | -0.20 |
| Mar 14, 2024 | 2.80 | 2.60 | +0.20 |
| Feb 16, 2024 | 2.60 | 2.30 | +0.30 |
| Jan 12, 2024 | 2.50 | 2.40 | +0.10 |
| Dec 13, 2023 | 2.50 | 2.60 | -0.10 |
| Nov 15, 2023 | 2.90 | 2.70 | +0.20 |
| Oct 11, 2023 | 2.80 | — | — |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jul 15, 2026 | 5.10 | 5.10 | 0 ↓ |
| Apr 14, 2026 | 3.60 | 3.70 | +0.10 ↑ |
