Core PPI m/m preview: Focus on inflation pressures
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Core PPI m/m (USD) release is scheduled for 2026-07-15 at 12:30 UTC. Market consensus is for a 0.3% increase month over month, which would represent a slowdown from the previous reading of 0.4%. Rated as a high impact release, this data point provides insight into producer-level inflation, which can offer clues about future consumer price trends and broader monetary policy considerations.
Historically, this release has generated notable market activity across major currency pairs and gold. For EURUSD, the median 1-hour move has been 11 pips, with top-quarter releases seeing moves of 21+ pips over 119 releases since 2015. GBPUSD has observed a median 1-hour move of 16 pips, with top-quarter moves of 23+ pips across 119 releases. USDJPY has shown a median 1-hour move of 9 pips, with top-quarter moves of 20+ pips over 115 releases. Gold, XAUUSD, has seen a median 1-hour move of 31 pips, with top-quarter releases moving 54+ pips over 116 releases. Direction-reliability statistics are not yet available for this event.
Recent Core PPI m/m prints show varied outcomes. The last release on June 11, 2026, came in at 0.4% against a forecast of 0.3%, with EURUSD moving +3.7 pips in the hour after. Prior to that, May 13, 2026, saw an actual of 1% versus a 0.5% forecast, resulting in a 0.0 pip EURUSD move. The April 14, 2026, release was 0.1% compared to a 0.6% forecast, leading to a -3.8 pip EURUSD move.