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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.
|Month||Date||Forecast Value||Avg Error|
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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.
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.
|June 06, 2023|
|U.S. GDP Growth, YoY %||1.62|
|U.S. Inflation Rate, %||4.93|
|Gold Price, $/oz-t||1963.33|
|Crude Oil Futures, $/bbl||71.74|
|U.S. 10 Year Treasury, %||3.70|