Past Release · PPI
February 2025 PPI Report
Saturday, February 1, 2025
PPI printed at 148.23, a +0.17% move from the prior reading of 147.97.
Headline Reading
PPI Final Demand→148.23
Feb 1
Prior
147.97
Absolute
+0.26
Percent
+0.17%
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.
Related Assets Around the Release
Related Scenarios
What Happens When CPI Surprises Hot?
What happens to markets when CPI inflation data comes in hotter than expected? Bond selloffs, Fed hawkishness, and portfolio positioning explained.
What Happens When Breakeven Inflation Crashes?
What happens when the bond market prices in deflation? When breakeven inflation crashes below the Fed target, it signals a deflationary spiral that changes the playbook for every asset.
Get release-day analysis and market reaction framing before consensus forms.