News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
US PPI Data Comes in Hot as Inflationary Pressures Continue to Hamper Producers

US PPI Data Comes in Hot as Inflationary Pressures Continue to Hamper Producers

Brendan Fagan,

US Inflation, PPI, CPI, Federal Reserve – Talking Points

  • U.S PPI (YoY) (JAN) Actual: 9.7% VS 9.7% Previous; est. 9.1%
  • U.S CORE PPI (MoM) (JAN) Actual: 0.8% VS 0.5% Previous; est. 0.5%
Advertisement

US Producer Price Index (PPI) data came in above expectations for January, as price pressures continue to increase broadly. Headline PPI for January rose 9.7%, surpassing the consensus estimate of 9.1%. On a month-over-month basis, PPI increased by 1.0%, doubling the forecast of 0.5%.

US Producer Price Index Breakdown

US PPI Data Comes in Hot as Inflationary Pressures Continue to Hamper Producers

Courtesy of the BLS

The increases in producer prices comes off the back of last week’s hot CPI print, which showed consumer prices rising at the fastest pace in 40 years. Supply bottlenecks continue to plague the global economy, as governments and central bankers reiterate that supply pressures should begin to ease over the course of 2022. Despite Omicron cases falling in the US, they continue to surge in Asia, a large source of raw materials for US factories.

US Dollar Index 1 Hour Chart

US PPI Data Comes in Hot as Inflationary Pressures Continue to Hamper Producers

Chart created by TradingView

Markets were relatively calm in the aftermath of the PPI release, with the major move coming earlier on the news that Russian troops would return to their permanent bases following war exercises in Belarus. A buoyant Euro saw the US Dollar Index trade back to test the key 96 level, while S&P 500 futures pulled back from pre-market highs ahead of the US open. It may take time for the Russia-Ukraine headlines to wash out before markets can digest the newest round of US PPI figures.

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

--- Written by Brendan Fagan, Intern

To contact Brendan, use the comments section below or @BrendanFaganFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES