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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 | 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
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 NAHB Housing Market Index (Jun 15) and Building Permits MoM (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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PPI MoM - US
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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.