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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Producer Price Index climbed to 157.41 in August 2026
FMPMonthlyReleased September 2026
US Producer Price Index climbed to 157.41 in August 2026, released September 2026, up 0.63 from July's 156.78 reading. The reading matched the 157 consensus. Year-over-year, the indicator is up 8.25. The reading is in the 91st percentile of the trailing 24-month range.
Latest Release
157.411
Actual
157
Consensus
156.784
Previous
Median Absolute Error
±0.46
across last 12 releases
Last Call
Sep 2026
Predicted: 157.08
Actual: 157.41
Error: -0.33
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 |
|---|---|---|---|---|---|
| MSFT | ▼ Inverse | −0.74 | STOCKS | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.58 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.36 | FOREX | Moves against | → View |
| AAPL | ▼ Inverse | −0.28 | STOCKS | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index (United States) was reported at 157.41 in September 2026. This beat the market consensus of 157.00 by 0.41. The reading rose from the previous value of 156.78. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 154.35, ranging from 149.78 to 157.66 across 8 releases.
WHY IT MATTERS
The trailing three releases averaged 157.21, up from the prior three at 153.97. Volatility over the past year (σ 2.85) is higher than the prior year (σ 0.72).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with MSFT (Bearish MSFT). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.46.
WHAT TO WATCH NEXT
The next release is scheduled for October 15, 2026. Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Sep 16) and Retail Sales MoM (Sep 16).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Producer Price Index - US
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About Producer Price Index — United States
DEFINITION
The Producer Price Index (PPI) is a key economic indicator that measures the average change in prices received by domestic producers for their goods and services. It provides valuable insight into inflationary pressures and can help businesses and policymakers make informed decisions about pricing and economic policies. The PPI is often used as a leading indicator of consumer price inflation and is closely monitored by investors, analysts, and government agencies.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 157.4, consensus 157. Prior reading (Jul 2026): 156.6. Before that (May 2026): 157.7.
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 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 MSFT (Bearish MSFT, r=-0.74) — a useful reference for stocks-focused traders.
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Economic Calendar - US Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | NY Empire State Manufacturing Index | 7.6 | 20.6 | 14.75 | 11.18 | High |
| 20:30 | US | API Crude Oil Stock Change | 7.14 | -0.3 | -1.8 | 2.67 | Medium |
| 21:00 | US | API Crude Oil Stock Change | 7.14 | -0.3 | -1.8 | 2.67 | Medium |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Retail Sales MoM | -0.6 | 0.8 | 1.00 | High | |
| 12:30 | US | Retail Sales Ex Autos MoM | -0.3 | 0.5 | 0.65 | High | |
| 12:30 | US | Import Prices YoY | 5.9 | 6.4 | 6.40 | Low | |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | -0.2 | 0.2 | 0.20 | High | |
| 12:30 | US | Retail Sales YoY | 5 | 4.7 | 6.15 | High | |
| 12:30 | US | Export Prices MoM | -1.3 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Import Prices MoM | -0.4 | 0.4 | 0.40 | Medium | |
| 12:30 | US | Export Prices YoY | 8.2 | 8.5 | 8.50 | Low | |
| 14:00 | US | Business Inventories MoM | 0 | 0.3 | 0.30 | Medium | |
| 14:00 | US | NAHB Housing Market Index | 35 | 34 | 34.00 | Medium | |
| 14:00 | US | Retail Inventories Ex Autos MoM | 0.7 | -0.5 | 0.7 | 0.70 | Low |
| 18:00 | US | Fed Interest Rate Decision | 3.75 | 4 | 4.00 | High | |
| 20:00 | US | Net Long-Term TIC Flows | 172.7 | 146.3 | 160.35 | Medium | |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Housing Starts MoM | -12.4 | 9 | 9.00 | Medium | |
| 12:30 | US | Building Permits MoM | 4.3 | -1.6 | -1.60 | Medium | |
| 12:30 | US | Building Permits | 1.433 | 1.41 | 1.41 | High | |