PPI m/m preview: Consensus points to stronger producer inflation
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The US Producer Price Index (PPI) month over month for September is scheduled for release on 2026-10-15 at 12:30 UTC. Market consensus anticipates a reading of 0.6%, an increase from the previous month’s 0.4%. As a measure of inflation from the perspective of producers, PPI can serve as a leading indicator for consumer price trends, making it a high-impact data point for the market.
Historically, this release has been associated with notable price movements across various currency pairs and commodities. After past PPI releases, EURUSD has seen a median 1-hour move of 11 pips, with top-quarter releases moving 21+ pips. GBPUSD has experienced a median 1-hour move of 16 pips, with top-quarter releases moving 23+ pips. XAUUSD, or gold, has shown a median 1-hour move of 33 pips, with top-quarter releases moving 55+ pips. Other pairs like AUDUSD, NZDUSD, USDCAD, USDCHF, and USDJPY have typically seen median 1-hour moves ranging from 7 pips to 9 pips. Direction-reliability statistics are not yet available for this event.
Recent PPI prints have shown varied outcomes relative to forecasts. The September 2026 release came in at 0.4% against a forecast of -0.3%, with EURUSD moving -19 pips in the hour following. In August 2026, the actual reading was 0% compared to a 0.5% forecast, leading to a +3.7 pips EURUSD move. July 2026 saw an actual of -0.3% versus a 1.6% forecast, followed by an +11 pips EURUSD move.