Producer Price Index ex Food & Energy (YoY)

The Producer Price Index ex Food & energy released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

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Most recent - Thursday 11 May 2023 12:30

3.4%

Revised

Forecast

3.3%

Actual

3.2%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Wednesday 14 June 2023 12:30

3.2%

Forecast

0.5%

Actual

The typical/expected impact on USD pairs is medium.

The consensus forecast for Producer Price Index ex Food & Energy (YoY) is 0.5%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Producer Price Index ex Food & Energy (YoY) was 3.2% against a forecast of 3.3%.

Past events

Date

Forecast

Actual

Thursday 11 May 2023 12:30

3.3%

3.2%

Thursday 13 April 2023 12:30

3.4%

Wednesday 15 March 2023 12:30

5.2%

4.4%

Thursday 16 February 2023 13:30

4.9%

5.4%

Wednesday 18 January 2023 13:30

5.9%

5.5%

Friday 9 December 2022 13:30

6.2%

Tuesday 15 November 2022 13:30

7.2%

6.7%

Wednesday 12 October 2022 12:30

7.3%

7.2%

Wednesday 14 September 2022 12:30

7.1%

7.3%

Thursday 11 August 2022 12:30

7.6%

Thursday 14 July 2022 12:30

8.1%

8.2%

Tuesday 14 June 2022 12:30

8.6%

8.3%

Thursday 12 May 2022 12:30

8.9%

8.8%

Wednesday 13 April 2022 12:30

8.4%

9.2%

Tuesday 15 March 2022 12:30

8.7%

8.4%

Tuesday 15 February 2022 13:30

7.9%

8.3%

Thursday 13 January 2022 13:30

8.3%

Tuesday 14 December 2021 13:30

7.2%

7.7%

Tuesday 9 November 2021 13:30

6.8%

Thursday 14 October 2021 12:30

7.1%

6.8%

Friday 10 September 2021 12:30

6.6%

6.7%

Thursday 12 August 2021 12:30

5.6%

6.2%

Wednesday 14 July 2021 12:30

5.1%

5.6%

Tuesday 15 June 2021 12:30

4.8%

Thursday 13 May 2021 12:30

3.7%

4.1%

Friday 9 April 2021 13:00

2.7%

3.1%

Friday 12 March 2021 13:30

2.6%

2.5%

Wednesday 17 February 2021 13:30

1.1%

Friday 15 January 2021 13:30

1.3%

1.2%

Friday 11 December 2020 13:30

1.5%

1.4%

Friday 13 November 2020 13:30

1.2%

1.1%

Wednesday 14 October 2020 12:30

0.9%

1.2%

Thursday 10 September 2020 12:30

0.3%

0.6%

Tuesday 11 August 2020 12:30

0.3%

Friday 10 July 2020 12:30

0.4%

0.1%

Thursday 11 June 2020 12:30

0.4%

0.3%

Economic context

Recent economic data has been strongly bearish for USD. Other recent announcements which may affect the market's interpretation of the next Producer Price Index ex Food & Energy (YoY) result:

		Previous	Latest
Initial Jobless Claims	Bearish change	233K	261K
Initial Jobless Claims 4-week average	Bearish change	229.75K	237.25K
Goods and Services Trade Balance	Bearish change	$-60.6B	$-74.6B
Factory Orders (MoM)	Bearish change	0.9%	0.4%
ISM Services Employment Index	Bearish change	50.8	49.2
ISM Services New Orders Index	Bearish change	56.1	52.9
ISM Services PMI	Bearish change	51.9	50.3
ISM Services Prices Paid	Bearish change	59.6	56.2
S&P Global Composite PMI	Bearish change	54.5	54.3
S&P Global Services PMI	Bearish change	55.1	54.9
Average Hourly Earnings (MoM)	Bearish change	0.4%	0.3%
Average Hourly Earnings (YoY)	Bearish change	4.4%	4.3%
Labor Force Participation Rate	(no change)	62.6%	62.6%
Nonfarm Payrolls	Bullish change	294K	339K
U6 Underemployment Rate	Bearish change	6.6%	6.7%
Unemployment Rate	Bearish change	3.4%	3.7%
ISM Manufacturing Employment Index	Bullish change	50.2	51.4
ISM Manufacturing New Orders Index	Bearish change	45.7	42.6
ISM Manufacturing PMI	Bearish change	47.1	46.9
ISM Manufacturing Prices Paid	Bearish change	53.2	44.2
S&P Global Manufacturing PMI	Bearish change	48.5	48.4
Initial Jobless Claims	Bearish change	230K	232K
Initial Jobless Claims 4-week average	Bullish change	232K	229.5K
Nonfarm Productivity	Bullish change	-2.7%	-2.1%
Unit Labor Costs	Bearish change	6.3%	4.2%
ADP Employment Change	Bearish change	291K	278K
Chicago Purchasing Managers' Index	Bearish change	48.6	40.4
Housing Price Index (MoM)	Bearish change	0.7%	0.6%
S&P/Case-Shiller Home Price Indices (YoY)	Bearish change	0.4%	-1.1%

About Producer Price Index ex Food & Energy (YoY)

Country:	United States
Currency:	USD
Source:	US Bureau of Labor Statistics
Category:	Inflation
Frequency:	Monthly

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Calendar - Producer Price Index ex Food & Energy (YoY) - United States

Producer Price Index ex Food & Energy (YoY)

Most recent - Thursday 11 May 2023 12:30

Next event - Wednesday 14 June 2023 12:30

Trading range

Trading range after each Producer Price Index ex Food & Energy (YoY) event

Forecast history

Past events

Economic context

About Producer Price Index ex Food & Energy (YoY)

Related events