15 Dec 2021
U.S. Producer Price Index Advances 0.8% in November; Services Rise 0.7%
The Index Today
The Producer Price Index for final demand increased 0.8 percent in November, as the index for final demand services rose 0.7 percent and prices for final demand goods moved up 1.2 percent. The final demand index advanced 9.6 percent for the 12 months ended in November, US labor statistics reported.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.