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The Core Producer Price Index (PPI) Month-over-Month measures the change in the selling prices received by domestic producers for their output, excluding volatile food and energy costs. It is a key indicator of inflation at the wholesale level. Because producers often pass on higher costs to consumers, the Core PPI is considered a leading indicator for the Consumer Price Index (CPI). Central banks monitor this closely to gauge underlying inflationary pressures in the economy.
The index is calculated using price data from thousands of establishments across various industries. It uses a Laspeyres-type formula to compare the current month's prices for a fixed basket of goods and services to the previous month's prices, excluding the food and energy components to reduce volatility.
No sustained trend detected for Core PPI MoM. Forecast accuracy is 74% over 40 readings. The release is expected near the consensus forecast of 0.3.
No sustained trend detected for Core PPI MoM (Jan). Forecast accuracy is 74% over 12 readings. The release is expected near the consensus forecast of 0.2.