Core PPI m/m preview: US producer inflation in focus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Core PPI m/m for the United States is scheduled for release on October 15 at 12:30 UTC. Market consensus anticipates a 0.3% increase month over month. This projection follows the previous reading of 0.2%. This economic indicator, which measures the change in the price of goods and services sold by producers excluding volatile food and energy components, is rated as having a High impact. It offers a key look into inflationary pressures at the producer level, which can eventually influence consumer prices.
Historically, this release has shown notable market reactions across various currency pairs and gold. For EURUSD, the median 1-hour move after past releases was 11 pips, with top-quarter releases seeing moves of 21+ pips, based on 122 releases since 2015. GBPUSD has shown a median 1-hour move of 16 pips, with top-quarter releases moving 23+ pips over 122 releases. USDJPY’s median 1-hour move was 9 pips, with top-quarter releases moving 19+ pips over 118 releases. XAUUSD, gold, has seen a median 1-hour move of 33 pips, with top-quarter releases moving 55+ pips over 119 releases. Other pairs such as AUDUSD, NZDUSD, USDCAD, and USDCHF have also shown median 1-hour moves ranging from 7 to 9 pips.
Recent Core PPI m/m prints have presented a varied picture. The September 2026 release recorded an actual of 0.2% against a forecast of 0.6%, after which EURUSD moved -19 pips in the hour. In August 2026, the actual matched the forecast at 0.2%, followed by a +3.7 pips move for EURUSD. The July 2026 print also matched the forecast at 0.2%, leading to an +11 pips move for EURUSD. The June 2026 release came in at 0.4% against a 0.3% forecast, with EURUSD moving +3.7 pips. The May 2026 actual was 1% against a 0.5% forecast, and EURUSD showed a 0.0 pips move. In April 2026, the actual was 0.1% against a 0.6% forecast, and EURUSD moved -3.8 pips.