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Producer Price Index (view source)

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== Developments  ==
== Developments  ==
Historical: [[Producer Price Index: 2023]][[File:Screenshot 2023-09-14 093958.png|alt=|center|thumb|921x921px|https://fred.stlouisfed.org/series/PPIFIS]]
[[File:Screenshot 2023-09-14 093958.png|alt=|center|thumb|921x921px|https://fred.stlouisfed.org/series/PPIFIS]]
{| class="wikitable"
{| class="wikitable"
!'''Producer Price Index'''
!'''Producer Price Index'''
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!'''Market Reaction'''
!'''Market Reaction'''
!'''Release Date'''
!'''Release Date'''
|-
|2024 January
|0.90%
|0.60%
|1.00%
|0.30%
|0.10%
| -0.10%
|S&P: -0.2%<ref>https://www.cnbc.com/2024/02/15/stock-market-today-live-updates.html</ref>
Nasdaq 100: 0.0%
Dow Jones: -0.4%
|February 16
|-
|2023 December
|1.00%
|1.30%
|0.80%
|  -0.10%
|0.10%
|0.00%
|
|January 12
|-
|-
|2023 November  
|2023 November  
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|[https://www.bls.gov/news.release/archives/ppi_01132022.pdf Jan 13]
|[https://www.bls.gov/news.release/archives/ppi_01132022.pdf Jan 13]
|}
|}
=== February 2023 ===
* February Producer Price Index was encouraging. It fell 0.1%, versus 0.3% increase in January and against the estimate for a 0.3% increase. Year-on-year, PPI rose 4.6% in the month, versus 5.7% in January and  below the 5.4% estimate.
* Core PPI rose 0.2% in February, compared to 0.5% gain in January. On a yearly basis, core PPI was up 4.4% versus analyst's estimate of 5.2% and 4.4% prior.
* The decline in headline PPI stemmed from a 0.2% drop in goods prices. Goods prices had risen by 1.2% in January.
* Many items from the PPI report are used to calculate the personal consumption expenditures(PCE) — the Fed’s preferred measure of inflation<ref>https://www.cnbc.com/2023/03/15/ppi-february-2023-.html
https://www.bls.gov/news.release/ppi.nr0.htm
https://seekingalpha.com/news/3947615-producer-price-inflation-falls-in-february</ref>.
=== March 2023 ===
* The U.S producer price index(PPI) dropped 0.5% month-over-month in March compared to expectations for prices to be flat<ref>https://www.cnbc.com/2023/04/12/stock-market-today-live-updates.html</ref>.
* Core PPI declined 0.1% month-over-month, way better than the 0.2% expected increase.
* Year-over-year, PPI rose 2.7% in March versus 4.9% year-over-year increase in February.
* The decline in PPI was mainly attributed to the 1% drop in the prices of final demand goods<ref>https://www.bls.gov/news.release/pdf/ppi.pdf</ref>.
=== April 2023 ===
* The producer price index increased 0.2% in April, below 0.3% estimate.
* Core PPI also increased 0.2% , in-line with estimates.
* Yearly, headline PPI rose 2.3%, below the 2.4% estimate and 2.7% growth in March.
* 80% of the rise in PPI was attributed to the 0.3% rise in prices for final demand services<ref>https://www.cnbc.com/2023/05/11/wholesale-prices-rose-just-0point2percent-in-april-less-than-estimate-as-inflation-pressures-ease.html</ref>.
=== May 2023 ===
* The producer price index declined by 0.3% in May, more than the 0.1% decline expected by Dow Jones.
* Core PPI rose 0.2% in line with the estimates.
* The decline in PPI was mainly attributed to the 1.6% decline in prices for final demand goods<ref>https://www.cnbc.com/2023/06/13/stock-market-today-live-updates.html</ref>.
* Year-over-year, PPI rose 1.1% in May versus 1.50% expected<ref name=":0" />.
=== June 2023 ===
* The producer price index(PPI) rose 0.1% in June, below the expected 0.2% increase.
* Year-over-year, producer price index rose 0.1% versus expectations for a 0.4% increase.
* Core PPI rose 0.1% in June versus expectations for a 0.2% increase.
* Year-over-year, core PPI rose 2.4% below expectations for a 2.6% increase and also the smallest gain since January 2021<ref>https://www.bloomberg.com/news/articles/2023-07-13/us-producer-prices-rise-at-slowest-pace-in-nearly-three-years?srnd=economics-v2</ref>.
* Prices for final demand goods were flat in June.
* The increase in PPI can be traced to a 0.2% rise in prices for final demand services<ref>https://www.bls.gov/news.release/pdf/ppi.pdf</ref>.
=== July 2023 ===
* The producer price index(PPI) rose 0.3% in July, slightly above the 0.2% estimate<ref>https://www.bloomberg.com/news/articles/2023-08-11/us-producer-prices-rise-more-than-expected-on-services-strength</ref>.
* Yearly, PPI rose 0.8%, also slightly above the 0.7% estimate.
* Core PPI was up 0.3% versus 0.2% estimate.
* Yearly, core PPI was up 2.4% versus 2.3% estimate.
* The increase in PPI was mainly attributed to services, which rose 0.5% for the month, the largest increase since August 2022.
=== August 2023 ===
* August producer price index(PPI) rose 0.7% from a month earlier<ref name=":2">https://www.bls.gov/news.release/pdf/ppi.pdf</ref>, exceeding estimate for a 0.4% increase<ref>https://www.bloomberg.com/news/articles/2023-09-14/us-producer-prices-rise-most-in-more-than-a-year-on-energy-costs</ref>.
* Yearly, PPI rose 1.6%, also exceeding estimate for a 1.2% rise.
* Core PPI increased 0.2%, in-line with the estimate.
* Year-over-year, core PPI rose 2.2%, also in-line with the estimate.
* The increase in PPI was mainly attributed to energy prices which rose 10.5% in August(July:+0.8%).
* The prices for final demand goods rose 2% on the month while services prices rose 0.2%.
=== September 2023 ===
* September producer price index(PPI) rose 0.5% from a month earlier<ref name=":2" />, exceeding estimate for a 0.3% increase<ref>https://www.cnbc.com/2023/10/11/ppi-september2023-.html</ref>.
* Yearly, PPI rose 2.2%, also exceeding estimate for a 1.6% rise and August's 2.0% (revised up from 1.6%).
* Core PPI rose 0.3%, above 0.2% estimate.
* The increase in PPE came mainly from final demand goods, which rose 0.9% on the month.
* Services grew 0.3% in September.
* The rise in goods prices was mainly contributed by gasoline prices, which rose 5.4%.
=== October 2023 ===
* October producer price index(PPI) fell 0.5%<ref>https://www.bls.gov/news.release/pdf/ppi.pdf</ref>, the largest decrease since April and compared to +0.1% estimate<ref>https://www.bloomberg.com/news/articles/2023-11-15/us-producer-prices-decline-by-most-since-april-2020-on-gasoline</ref> and 0.4% growth in September (revised down from 0.5%).
* Yearly, PPI rose 1.3%, below 1.9% estimate and lower than 2.2% in September.
* Core PPI was flat month-over-month versus +0.3% estimate.
* Yearly, core PPI rose 2.4%, below +2.7% estimate.
* Over 80% of the decline in headline PPI was due to a 15.3% drop in the price of gasoline.
* Services costs were flat month-over-month after rising for six consecutive months.


=== December 2023 ===
=== December 2023 ===


* Producer Price Index (PPI) declined -0.1% m/m, 0.1% was expected
* Producer Price Index (PPI) was flat in November<ref>https://www.bls.gov/news.release/ppi.nr0.htm</ref> as was expected<ref>https://www.bloomberg.com/news/articles/2023-12-13/us-producer-prices-little-changed-as-energy-costs-slide</ref>.
* On a yearly basis, PPI rose 1%, lower than 1.3% estimate but higher than 0.8% in November (revised down from 0.9%).
* On a yearly basis, PPI rose 0.9%, lower than 1.0% estimate and 1.2% in October (revised down from 1.3%).
* Core PPI was also flat in November versus forecast for a 0.2% increase.
* Core PPI was also flat in November versus forecast for a 0.2% increase.
* Yearly, core PPI rose 1.8%, lower than 1.9% estimate.
* Yearly, core PPI rose 2%, lower than 2.2% estimate.
* Services index was unchanged in December, the same as in November
* Services index was unchanged in November, the same as in October.
* Energy prices fell 1.2% in December
* Energy prices fell 1.2% in November.


== References ==
== References ==
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