Past Release · PPI
May 2023 PPI Report
Monday, May 1, 2023
PPI printed at 140.61, a -0.23% move from the prior reading of 140.93.
Headline Reading
PPI Final Demand→140.61
May 1
Prior
140.93
Absolute
0.32
Percent
-0.23%
What to Watch For
- •Headline PPI year-over-year
- •Core PPI (ex food and energy)
- •Services vs goods split
- •PCE-relevant components: healthcare, airfares, portfolio management
- •Raw materials prices
- •Prior-month revisions
Expected Market Reaction
Similar to CPI but with smaller magnitude on headline; outsized reaction when PCE-linkage components surprise. Hot PCE components: rates up, equities down. Cold PCE components: rates down, equities up.
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Get release-day analysis and market reaction framing before consensus forms.