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.
Producer prices for final demand in the United States decreased by 0.5 percent from the previous month in December 2022, after an increase of 0.2 percent in November and compared to market expectations of a decline of 0.1 percent. It was the biggest monthly drop since April 2020, adding to signs that inflationary pressure is slowing in the world's largest economy. Commodity prices fell 1.6 percent, driven by a 7.9 percent drop in the cost of energy and, to a lesser extent, a 1.2 percent drop in food prices. On the other hand, services prices increased by 0.1 percent, due to the increase in the margins of commercial services on final demand. On an unadjusted annual basis, the PPI rose 6.2% in December, the lowest since March 2021.

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

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