Fiper | Producer Price Index

The producer price index determines the rate of inflation (i.e. the rate of change in prices) experienced by manufacturers when they purchase goods and services. When manufacturers pay more money for goods and services, then the higher costs are more likely to be passed on to the consumer, and therefore the producer price index is believed to It is a leading indicator of consumer inflation. The producer price index is taken into account to a large extent, and when it comes with peak readings, its impact on the market is equal to that of the consumer price index.
The producer price index for final demand in the US rose 0.3% month-on-month in November 2022, the same as the upwardly revised 0.3% increase in October and above market expectations of 0.2%. Cost of services rose 0.4%, the biggest gain in three months, led by securities brokerage, dealing, investment advisory, and related services, which jumped 11.3%. The cost of goods rose 0.1%, led by a 38.1% rise in the prices of fresh and dry vegetables, while gasoline prices fell 6%. Compared to the same month in 2021, producer prices increased by 7.4%, the smallest increase since May last year, but above expectations of 7.2%.

Outlook for today's statement and how it will affect the currency

The estimate for today's statement is -0.1%.
In the event that the data is issued at a rate higher than expectations, it affects the currency positively, and vice versa