Description: The Producer Price Index measures prices of goods at the wholesale level. There are three broad subcategories within the PPI: industry; commodity; and stage-of-processing. At all stages of production, the market places more emphasis on the index excluding food and energy and this is referred to as core PPI. Core PPI gives a clearer picture of the underlying inflation trend. Changes in the core PPI are considered a precursor of consumer price inflation. Inflationary pressure is generated when the core PPI posts larger-than-expected gains.
The index is not revised on a monthly basis, but annual revisions to seasonal adjustment factors can produce small adjustments to past releases.
Release Date: 12:30 (GMT); monthly, 2 weeks after the reporting month.