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Producer Price Index PPI Forecast

Below is a forecast of the U.S. producer price index, or PPI, broken down by month. This forecast is produced based on prior values of the PPI along with other factors such as commodity prices, currency exchange rates and economic indicators. To learn more about how this forecast is produced, please see our methodology page.

U.S. Producer Price Index, PPI, Predicted Values

Price Index All Commodities. 1982=100. Not Seasonally Adjusted

Month Date Forecast Value Avg Error
0 Jan 2024 250.7 ±0.0
1 Feb 2024 251.2 ±0.5
2 Mar 2024 250.3 ±0.7
3 Apr 2024 248.3 ±0.8
4 May 2024 246.0 ±0.8
5 Jun 2024 243.3 ±0.9
6 Jul 2024 241.2 ±0.9
7 Aug 2024 239.7 ±0.9
8 Sep 2024 237.8 ±1.0

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Chart of U.S. PPI with Forecast.

All Commodities Price Index. 1982=100. Not Seasonally Adjusted.

Chart of U.S. Producer Price Index (PPI) with Forecast

What Causes the Producer Price Index?

The primary cause of the PPI is crude oil prices, both WTI and Brent. As the price of crude oil goes up, the PPI will go up.

Another cause is the price of natural gas (Henry Hub). As the price of natural gas goes up, the PPI will go up.

The Canadian Dollar, Australian Dollar and Singapore Dollar also figure heavily in the causation of the PPI. As the AUD, CAD and SGD strengthen versus the U.S. dollar, the PPI will go up. One of the reasons these currencies are causes of the PPI is because they also figure heavily in the causation of crude oil prices.

Other Price Index and Industry Resources:

A long range forecast for the U.S. PPI and other similar economic series is available by subscription.  Click here for more information or to subscribe.

Current Economic Indicators
February 22, 2024
Indicator Value
S&P 500 5087.03
U.S. GDP Growth, YoY % 3.11
U.S. Inflation Rate, % 3.09
Gold Price, $/oz-t 2024.36
Crude Oil Futures, $/bbl 78.61
U.S. 10 Year Treasury, % 4.33

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