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Inflationmonthly

PPI Final Demand

Producer Price Index for final demand, leading indicator of consumer inflation.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The PPI Final Demand is currently 156.5, last updated .

156.5
1W +1.38%1M +1.38%3M +1.38%
Updated 12m ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for PPI Final Demand, blended across current macro regimes.
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Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.

Updated just now
Latest analysis · PPI Final Demand
Macro · Apr 4, 2026
The Producer Price Pipeline Is the Inflation Story Everyone Is Missing
While markets fixate on CPI headlines, a quieter upstream surge is building the next wave of consumer price pressure.

AI Analysis

May 14, 2026

The hot CPI print (pending event, 24h ago) is not a surprise — it is a CONFIRMATION of the pipeline signals that have been building for weeks: PPI accelerating faster than CPI, Cleveland nowcast at 5.28%, breakevens rising +10bp 1M across the curve. PPI 3M momentum at +2.1% (accelerating faster than CPI).

Recent Data

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DateValueChange
Apr 1, 2026156.5+1.38%
Mar 1, 2026154.37+0.70%
Feb 1, 2026153.3+0.57%
Jan 1, 2026152.44+0.56%
Dec 1, 2025151.59+0.36%
Nov 1, 2025151.05+0.41%
Oct 1, 2025150.44+0.13%
Sep 1, 2025150.25+0.61%
Aug 1, 2025149.33-0.18%
Jul 1, 2025149.6+0.81%
Jun 1, 2025148.39+0.16%
May 1, 2025148.15+0.34%
Apr 1, 2025147.66-0.27%
Mar 1, 2025148.06-0.12%
Feb 1, 2025148.23+0.17%
Jan 1, 2025147.98+0.63%
Dec 1, 2024147.05+0.41%
Nov 1, 2024146.45+0.10%
Oct 1, 2024146.29+0.34%
Sep 1, 2024145.8+0.27%
Aug 1, 2024145.41+0.34%
Jul 1, 2024144.92+0.04%
Jun 1, 2024144.87+0.45%
May 1, 2024144.22—

Related Analysis

Macro · Apr 4, 2026
The Producer Price Pipeline Is the Inflation Story Everyone Is Missing
While markets fixate on CPI headlines, a quieter upstream surge is building the next wave of consumer price pressure.

Related in Inflation

CPI (All Urban)
Consumer Price Index for all urban consumers, the headline inflation gauge.
US CPI YoY (OECD MEI, legacy)
US consumer price index, year-on-year change (OECD MEI). Feed stopped updating in April 2025; CPIAUCNS_YOY is the live replacement.
US CPI YoY
US headline CPI year-over-year, derived in-house from CPIAUCNS (NSA, BLS headline methodology). Replaced the stale OECD MEI CPALTT01USM659N feed.
Core CPI (ex Food/Energy)
CPI excluding food and energy, less volatile measure of underlying inflation.

Explore Further

Forecast 2026
PPI Final Demand Outlook
Scenario-weighted forecast using regime implied approach.
Comparison
CPI vs PPI
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What Happens When PPI Turns Negative?
What happens when Producer Price Index turns negative? Deflation risk, margin implications, and the leading signal for C...
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All Inflation Data
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Frequently Asked Questions

▶What is PPI Final Demand?
Producer Price Index for final demand, leading indicator of consumer inflation.
▶How does PPI Final Demand relate to inflation?
PPI Final Demand is part of the Inflation category. Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.
▶How often is PPI Final Demand updated?
PPI Final Demand is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source PPI Final Demand data?
Convex sources PPI Final Demand data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the PPI Final Demand chart page?
The PPI Final Demand page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.