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Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS GDP Price Index QoQ climbed to 6.3% in Q2 2026
U.S. Bureau of Economic AnalysisQuarterlyReleased July 2026
US GDP Price Index QoQ climbed to 6.3% in Q2 2026, released July 2026, up 2.7% from March's 3.6% reading. The print exceeded the 3.6% consensus by 2.7%. GDP Price Index QoQ has now risen for 3 consecutive months. Over the past 3 months, GDP Price Index QoQ averaged 3.55%, vs 3.93% in the prior 3-month window. GDP Price Index QoQ is now the highest in 38 months.
Latest Release
6.3
Actual
3.6
Consensus
3.6
Previous
Median Absolute Error
±0.31 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 3.38
Actual: 6.3
Error: -2.92
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GOOGL | ▲ Direct | +0.88 | STOCKS | Moves with | → View |
| AAPL | ▼ Inverse | −0.70 | STOCKS | Moves against | → View |
| USD/JPY | ▼ Inverse | −0.68 | FOREX | Moves against | → View |
| GBP/USD | ▲ Direct | +0.43 | FOREX | Moves with | → View |
| USD/CHF | ▼ Inverse | −0.42 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Price Index QoQ (United States) was reported at 6.3% in July 2026. This beat the market consensus of 3.6% by 2.7%. The reading rose from the previous value of 3.6%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 3.59%, ranging from 2% to 6.3% across 8 releases. This is classified as a medium-impact indicator released on a quarterly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 4.47%, up from the prior three at 3.73%. Volatility over the past year (σ 1.23%) is higher than the prior year (σ 0.71%). In July readings over the past 3 years, GDP Price Index QoQ has averaged 3.53%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GOOGL (Bullish GOOGL). A secondary relationship exists with AAPL, negatively correlated (Bearish AAPL). Over the last 12 releases, the Sigmacast model's median absolute error is 0.31%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Housing Starts MoM (Aug 18) and Import Prices MoM (Aug 18).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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GDP Price Index QoQ - US
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About GDP Price Index QoQ — United States
DEFINITION
The GDP Price Index QoQ is a key economic indicator that measures the change in the overall prices of goods and services produced within a country over a specific quarter. It provides valuable insights into the inflationary pressures within an economy and is used by policymakers, investors, and businesses to assess the health and stability of a country's economy. A positive change in the GDP Price Index QoQ indicates an increase in prices, while a negative change suggests a decrease in prices. This indicator is an important tool for understanding the current and future economic trends and making informed financial decisions.
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 (Apr 2026): actual 6.3 %, consensus 3.6 %. Prior reading (Jan 2026): 3.6 %. Before that (Jan 2026): 3.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GOOGL (Bullish GOOGL, r=0.88) — a useful reference for stocks-focused traders.
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Economic Calendar - US Events
| Monday, August 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | NY Empire State Manufacturing Index | 20.6 | 15.6 | 11 | 15.80 | Medium |
| 14:00 | US | NAHB Housing Market Index | 35 | 34 | 33 | 34.00 | Medium |
| 20:00 | US | Net Long-Term TIC Flows | 172.7 | 231.2 | 151.4 | 162.05 | Medium |
| Tuesday, August 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:15 | US | Manufacturing Production YoY | 1.1 | 0.9 | 0.90 | Low | |
| 13:15 | US | Manufacturing Production MoM | 0 | 0.2 | 0.20 | Low | |
| 13:15 | US | Capacity Utilization | 76.1 | 76.3 | 76.30 | Low | |
| 13:15 | US | Industrial Production YoY | 1.1 | 1 | 1.00 | Low | |
| 13:15 | US | Industrial Production MoM | 0.1 | 0.3 | 0.30 | Medium | |
| 14:00 | US | Pending Home Sales MoM | -5.4 | 0.2 | 0.40 | Medium | |
| 14:00 | US | Pending Home Sales YoY | -0.3 | 1.4 | 3.25 | Medium | |
| Thursday, August 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Continuing Jobless Claims | 1777 | 1808 | 1804.00 | Low | |
| 12:30 | US | Philadelphia Fed Manufacturing Index | 41.4 | 25 | 15.80 | Medium | |
| 12:30 | US | Initial Jobless Claims | 209 | 212 | 211.50 | Medium | |
| 12:30 | US | Jobless Claims 4-Week Average | 199 | 200 | 199.75 | Low | |
| 14:00 | US | Leading Index MoM | -0.2 | 0.1 | 0.10 | Medium | |