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PPI MoM fell to 0.1 in December 2024, down 3.0 from November's 3.1 reading. The print came in cooler than the 0.3 consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of 0.03. Over the past 3 months, PPI MoM averaged 1.8, vs -0.87 in the prior 3-month window. The reading is in the 60th percentile of the trailing 24-month range.
The January 2025 reading fell from the previous value of 3.1. Historically, this indicator is negatively correlated with EUR/SEK (Bullish SEK) and negatively correlated with USD/SEK (Bullish SEK).
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