PPI (Producer Price Index)

This is a leading economic indicator which tracks the changing prices of goods and services sold by producers on a monthly basis. PPI is an important indicator of consumer inflation as higher prices charged by producers are passed on to the consumer. This report is released before CPI (consumer price index) and it often has increased market impact. A PPI figure that is higher than the forecasted one tends to have a positive effect on the value of the currency in question.