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 US fell by 0.1% month-on-month in February 2023, against market expectations for a 0.3% increase. Commodity prices fell 0.2%, after rising 1.2% in January, specifically foodstuffs (-2.2%) of which chicken eggs (-36.1%); and energy (-0.2%). Indexes for household natural gas, fresh and dry vegetables, diesel fuel, home heating oil and basic organic chemicals also declined. In addition, the cost of services decreased by 0.1%, as it was in the previous month. Margins for commercial services on final demand decreased by 0.8%, and prices for transportation and storage services on final demand decreased by 1.1%. In contrast, the final demand services index minus trade, transportation and storage advanced 0.3%.

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

The rating for today's statement is at 0%.
In the event that the data is issued at a rate higher than expectations, it affects the currency positively, and vice versa

The timing of the statement

This statement will be issued at exactly three thirty in the evening, Mecca Al-Mukarramah time