Core PPI m/m preview: Consensus points to 0.3% increase
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The upcoming Core Producer Price Index month over month for the US is scheduled for September 10 at 12:30 UTC. This release is rated as High impact. Market consensus anticipates a 0.3% increase for the latest reading, which would follow the previous month’s print of 0.2%. Core PPI measures the change in the price of goods and services sold by producers, excluding volatile food and energy costs. It is a key indicator of inflationary pressures at the wholesale level.
Historically, this release has shown significant market movement. Based on 121 releases since 2015, EURUSD has seen a median 1-hour move of 11 pips, with top-quarter releases moving 21+ pips. GBPUSD has recorded a median 1-hour move of 16 pips, with top-quarter releases moving 23+ pips over the same period. USDJPY has seen a median 1-hour move of 9 pips, with top-quarter releases moving 19+ pips across 117 releases. XAUUSD, or Gold, has shown a median 1-hour move of 33 pips, with top-quarter releases moving 54+ pips over 118 releases. Other pairs like AUDUSD, NZDUSD, USDCAD, and USDCHF have also shown median 1-hour moves of 7 to 9 pips, with top-quarter moves ranging from 12+ to 18+ pips. Direction-reliability statistics are not yet available for this event due to insufficient data.
Recent Core PPI m/m figures have varied. The August 2026 release showed an actual of 0.2%, matching the forecast of 0.2%, after which EURUSD moved +3.7 pips in one hour. In July 2026, the actual was 0.2% against a forecast of 0.2%, with EURUSD moving +11 pips. June 2026 saw an actual of 0.4% exceeding the 0.3% forecast, and EURUSD moved +3.7 pips. May 2026 had a notable actual of 1% against a forecast of 0.5%, resulting in a 0.0 pip EURUSD move. April 2026 printed 0.1% below a 0.6% forecast, leading to a -3.8 pip EURUSD move. March 2026 recorded 0.5% against a 1.1% forecast, with EURUSD moving -18 pips.