The BLS will release the US Producer Price Index (PPI) for October on Friday 13 Nov at 13:30 GMT. Markets expect a 0.4% rise from the previous month, slowing from 1.3% in September, with Core PPI seen up 0.3% (Sep +0.7%). After October CPI came in hotter than expected, the figure could add to or ease expectations that the Fed will hike rates in December.
Created Thu 12 Nov 2026 · 08:45 GMT · The actual result will be updated on this page around 14:00 GMT
US Producer Price Index (PPI) · Oct 2026
Due Fri 13 Nov 2026 · 13:30 GMT
Quick summary
- 1Markets expect final demand PPI for October to rise 0.4% m/m, after September jumped 1.3% on a 10.8% rise in energy prices, while Core PPI is forecast to rise 0.3% (September +0.7%)
- 2On a yearly basis, September PPI stood at 6.3% and Core at 5.0%. A Dow Jones survey suggests the October annual rate could climb to about 6.6%, partly due to a low base in October 2025.
- 3After October CPI printed +0.4%, above forecast, markets still price a high chance of a 0.25% Fed hike at the 8–9 Dec meeting. PPI will help markets gauge Core PCE, the Fed’s preferred inflation measure, more clearly.
Above / in line / below forecast
PPI above +0.4% m/m
Markets would generally see producer costs still accelerating and possibly passing through to consumer prices. Odds of a December Fed hike could rise, the dollar could strengthen, gold (XAUUSD) could come under pressure, EUR/USD could weaken and USD/JPY could move higher. If Core PPI is also above +0.3%, the impact is usually stronger.
PPI around +0.4% · Core around +0.3%
Markets have partly priced in the figure, so the initial reaction is usually limited. The next move depends on details in the report, such as energy, transportation and the service categories used to calculate PCE, as well as comments from Fed officials after the release.
PPI below +0.4% m/m
Markets would generally see cost pressures easing after September’s energy spike. Odds of a December Fed hike could fall somewhat, the dollar could weaken, gold could attract buying, EUR/USD could rise and USD/JPY could ease.
What this release is and why markets care
The Producer Price Index (PPI) is compiled by the US Bureau of Labor Statistics (BLS) and measures changes in the prices domestic producers and service providers receive. The headline is PPI final demand, which covers goods, services and trade margins of retailers and wholesalers. It is released monthly at 8:30 a.m. New York time (13:30 GMT when the US is not on daylight saving time). Markets watch PPI as a signal of costs that may be passed on to consumers, and some components feed into the PCE index the Fed tracks. Read the inflation indicators guide →
Last time, September PPI rose 1.3% m/m, with goods up 2.6% (energy +10.8%) and services up 0.8%, while October CPI rose 0.4%, above the 0.3% forecast, and the Fed held rates at 3.75–4.00% in October. See this week’s key releases on the economic calendar and compare rates across countries on central bank rates
Timeline
- Sep PPI printed +1.3% m/m · 6.3% y/y
- Fed held rates at 3.75–4.00% in a 10–2 vote
- US Oct CPI printed +0.4% (forecast +0.3%)
- 1TRADER published this preview (this page)
- US Oct PPI release (forecast +0.4%)
- Actual result updated on this page
- Fed December decision
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Sources (6)
- U.S. Bureau of Labor Statistics – Producer Price Index (Sep 2026 PPI and 13 Nov release schedule)
- StockTitan – Oct 2026 PPI preview (Dow Jones forecast)
- FinanceCalendar – US PPI Oct 2026 forecast
- Thrive Markets – PPI calendar 13 Nov 2026 13:30 UTC
- U.S. Bureau of Labor Statistics – Consumer Price Index (Oct 2026 CPI)
- investingLive – Fed holds at 3.75–4.00% in a 10–2 vote
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