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Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS GDP Price Index fell to 1.3% in January 2014
U.S. Bureau of Economic AnalysisQuarterlyReleased April 2014
US GDP Price Index fell to 1.3% in January 2014, released April 2014, down 0.3% from December's 1.6% reading. The reading missed the 1.6% consensus by 0.3%.
Latest Release
1.3
Actual
1.6
Consensus
1.6
Previous
Median Absolute Error
±0.25 percentage points
across last 6 releases
Last Call
Apr 2014
Predicted: 1.65
Actual: 1.3
Error: +0.35
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Price Index (United States) was reported at 1.3% in April 2014. This missed the market consensus of 1.6% by 0.3%. The reading fell from the previous value of 1.6%.
WHY IT MATTERS
The trailing three releases averaged 1.53%, up from the prior three at 1.3%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 6 releases, the Sigmacast model's median absolute error is 0.25%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Building Permits MoM (Jun 16) and Building Permits (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update April 2014.
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GDP Price Index - US
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About GDP Price Index — United States
DEFINITION
The GDP Price Index is a key economic indicator that measures the overall change in prices of goods and services produced within a country. It is used to track inflation and provide insight into the health of a nation's economy. This index is an essential tool for policymakers, businesses, and investors to make informed decisions and understand the impact of price changes on economic growth.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2014): actual 1.3 %, consensus 1.6 %. Prior reading (Jan 2014): 1.3 %. Before that (Dec 2013): 2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.