Producer Price IndexWhat is the essence: Measures changes of the price at which national producers sell their products. The report covers all inner production, excluding imports.
Why it should be followed: It is a signal for potential inflation and changes in the economic policy. It is assumed that any increase in producer costs invariably leads to higher prices for consumers. As the cost of goods and services increases, the standard of living will fall, and therefore this report can be used as a leading indicator of inflation.
When data is published: monthly, next week after NFP.