Fiper | Producer Price Index 12/10/2022

The producer price index determines the rate of inflation (i.e. the rate of change in prices) experienced by industrialists when they purchase goods and services. It is a leading indicator of consumer inflation, the producer price index is taken into account to a large extent, and when it comes to readings at the peak, its effect on the market is equal to the effect of the consumer price index

The producer price index for final demand in the US declined 0.1% month over month in August of 2022, after a 0.4% decline in July and in line with expectations. Commodity prices fell 1.2%, driven by a 12.7% drop in the cost of gasoline. Prices of diesel fuel, jet fuel, chicken eggs, basic organic chemicals and home heating oils also fell. In contrast, services prices rose 0.4%, which is the fourth consecutive rise, mainly due to fuel and lubricant sales margins (14.2%). On an annual basis, producer prices rose 8.7%, the lowest in a year and down from 9.8% in July. The core index rose 0.4% in the month and 7.3% over the year

Expectations for today's statement and how it affects the currency

The estimate for today's statement is 0.2%.
In the event that the data is released at a rate higher than expectations, it will affect the currency positively and vice versa