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 buy 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 0.3% month-on-month in May 2023, after a 0.2% rise in April, and compared to market expectations for a 0.1% decline. Commodity prices fell 1.6%, the sharpest decline since July 2022, mainly due to a 13.8% drop in gasoline prices and a 1.3% decline in food prices. Costs for diesel fuel, chicken eggs, jet fuel, fresh and dry vegetables, and scrap iron and steel have also fallen. Meanwhile, the cost of services rose 0.2%, driven by margins on the sale of cars and auto parts (4.2%). A rise in retail prices of fuels and lubricants was also noted; retail sale of clothing, shoes and accessories; securities brokerage, dealing, investment advisory and related services; wholesale of machinery and vehicles; Wholesale food trade. On an annual basis, producer prices rose 1.1%, the lowest level since December 2020

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

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