The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. It is a key indicator of inflation at the wholesale level and often serves as a leading indicator for consumer price changes. The index covers nearly all goods-producing sectors in the economy, including agriculture, forestry, fisheries, mining, and manufacturing. Analysts monitor this data closely to gauge input cost pressures that may eventually be passed on to consumers.
The PPI is calculated using a modified Laspeyres formula that weights price changes based on the value of shipments. It tracks the first commercial transaction for products and services across the domestic economy.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Mar 28, 2013 | 103.29 | — | — |
