Loading page content
Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS PPI MoM fell to 0.2% in December 2024
U.S. Bureau of Labor StatisticsMonthlyReleased January 2025
US PPI MoM fell to 0.2% in December 2024, released January 2025, down 0.2% from November's 0.4% reading. The print came in cooler than the 0.3% consensus, a softer print than forecasters anticipated. Year-over-year, the indicator is up 0.3%. Over the past 3 months, PPI MoM averaged 0.3%, vs 0.1% in the prior 3-month window. The reading is in the 56th percentile of the trailing 24-month range.
Latest Release
0.2
Actual
0.3
Consensus
0.4
Previous
Median Absolute Error
±0.14 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 0.35
Actual: 0.2
Error: +0.15
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI MoM (United States) was reported at 0.2% in January 2025. This missed the market consensus of 0.3% by 0.1%. The reading fell from the previous value of 0.4%. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.27%, up from the prior three at 0.1%.
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 12 releases, the Sigmacast model's median absolute error is 0.14%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Cost - Benefits QoQ (Oct 30) and Employment Cost - Wages QoQ (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
SHARE
PPI MoM - US
Loading chart data...
About PPI MoM — United States
DEFINITION
PPI MoM stands for Producer Price Index Month-over-Month and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a one-month period. This indicator provides valuable insights into inflationary pressures in the economy and is closely monitored by policymakers, investors, and businesses to make informed decisions. A higher PPI MoM indicates rising prices, while a lower PPI MoM suggests a decrease in prices, making it an essential tool for understanding the current state of the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2024): actual 0.2 %, consensus 0.3 %. Prior reading (Nov 2024): 0.4 %. Before that (Oct 2024): 0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 neutral force 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.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - US Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Initial Jobless Claims | 194 | 195 | 199 | 196.50 | High |
| 12:30 | US | GDP Price Index QoQ | 2.2 | 6.1 | 3.2 | 2.70 | Medium |
| 12:30 | US | Core PCE Price Index MoM | 0.3 | 0.3 | 0.3 | 0.30 | High |
| 12:30 | US | PCE Price Index YoY | 3.6 | 3.4 | 3.6 | 3.60 | Medium |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.3 | 0.25 | High |
| 12:30 | US | PCE Price Index MoM | 0.5 | 0.3 | 0.5 | 0.50 | Medium |
| 12:30 | US | Core PCE Price Index YoY | 3.1 | 3 | 3.1 | 3.10 | High |
| 12:30 | US | Jobless Claims 4-Week Average | 196.75 | 198 | 197 | 196.88 | High |
| 12:30 | US | Continuing Jobless Claims | 1701 | 1722 | 1720 | 1710.50 | High |
| 12:30 | US | Real Consumer Spending QoQ | 3.8 | 3.8 | 3.9 | 3.85 | Low |
| 12:30 | US | GDP Sales QoQ | 1.7 | 2.8 | 3.5 | 2.60 | Low |
| 12:30 | US | Personal Spending MoM | 0.5 | 0.9 | 0.6 | 0.55 | High |
| 12:30 | US | GDP Growth Rate QoQ | 3.4 | 2.2 | 3.2 | 3.30 | High |
| 12:30 | US | Core PCE Prices QoQ | 2.5 | 3.3 | 2.4 | 2.45 | Low |
| 12:30 | US | PCE Prices QoQ | 2.1 | 5 | 3.4 | 2.75 | Low |
| 14:30 | US | EIA Natural Gas Stocks Change | 80 | 77 | 75 | 77.50 | Low |