Producer Price Index (PPI)

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 went up 0.4% month-over-month in September of 2022, the first increase in three months, and twice the market expectation of a 0.2% rise. Cost of services rose 0.4%, with prices for traveler accommodation services jumping 6.4%. The indexes for food and alcohol retailing (2.6%), portfolio management (2.1%), machinery and vehicle wholesaling (1.5%), oil and gas well drilling services, and hospital inpatient care (0.4%) also rose. Cost of goods went up 0.4%, with food prices rising 1.2%, namely fresh and dry vegetables (15.7%). Prices for diesel fuel (9.1%), residential natural gas (2.6%), chicken eggs (16.7%), home heating oil (10.7%), and pork (5.5%) also moved higher. Conversely, the index for gasoline fell 2%. Year-on-year, producer prices rose 8.5%, the smallest rate since July last year, but slightly above forecasts of 8.4%

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

The estimate for today's statement is 0.4%
In the event that the data is released at a rate higher than expectations, it will affect the currency positively and vice versa

Statement release time

This statement is issued at 3:30 pm Mecca time