Producer Price Index
Definition of 'Producer Price Index'
What exactly? An index (1982 = 100) that measures the change in prices received by domestic producers of commodities in all stages of processing (crude materials, intermediate materials, and finished goods).Source: Labor Department Frequency: Monthly Released when? Around the 13th of the month at 8:30 Eastern. Data for prior month. Market importance: High. Timely. All inflation measures routinely move markets. Other notes: (a) The "core" PPI excludes the often-volatile food and energy sectors and gives a clearer picture of the underlying inflation trend. (b) The headline number is the percent change from the prior month, but we also graph the year-on-year change. That way you can see the rate at which wholesale inflation is increasing or decreasing.
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