PPI m/m preview: Consensus points to flat producer prices
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The upcoming US Producer Price Index (PPI) month-over-month report is scheduled for release on July 15, 2026, at 12:30 UTC. Market consensus anticipates a 0.0% increase for the period, a notable shift from the previous reading of 1.1%. As a key indicator of inflationary pressures at the producer level, this high-impact release is closely watched for its potential implications for monetary policy.
Historically, this release has often led to significant market reactions. For EURUSD, the median 1-hour move after past releases was 11 pips, with top-quarter releases seeing moves of 21+ pips across 119 measured events since 2015. GBPUSD has shown a median 1-hour move of 16 pips, with top-quarter moves exceeding 23+ pips over 119 releases. XAUUSD, or gold, has seen a median 1-hour move of 31 pips, with top-quarter reactions moving 54+ pips over 116 releases. Other pairs like AUDUSD, NZDUSD, USDCAD, USDCHF, and USDJPY have also shown median 1-hour moves ranging from 7 pips to 9 pips after past releases.
Recent actual PPI m/m prints include 1.1% in June, 1.4% in May, and 0.5% in April. These past releases saw varied EURUSD 1-hour moves, such as a +3.7 pips move after the June print, 0.0 pips after May, and -3.8 pips following the April data.