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Gross Domestic Product Price Index

The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. Generally speaking, a high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.

Most recent - Wednesday 30 August 2023 12:30

Previous
2.2%
Revised
-
Forecast
2.2%
Actual
2%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Thursday 28 September 2023 12:30

Previous
2%
Forecast
2%
Actual
-

The typical/expected impact on USD pairs is medium.

The consensus forecast for Gross Domestic Product Price Index is 2%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product Price Index was 2% against a forecast of 2.2%.

Past events

Date
Forecast
Actual
Wednesday 30 August 2023 12:30
2.2%
2%
Thursday 27 July 2023 12:30
3%
2.2%
Thursday 29 June 2023 12:30
4.2%
4.1%
Thursday 25 May 2023 12:30
4%
4.1%
Thursday 27 April 2023 12:30
3.8%
4%
Thursday 30 March 2023 12:30
3.9%
3.9%
Thursday 23 February 2023 13:30
3.5%
3.9%
Thursday 26 January 2023 13:30
3.3%
3.5%
Thursday 22 December 2022 13:30
4.3%
4.4%
Wednesday 30 November 2022 13:30
4.1%
4.3%
Thursday 27 October 2022 12:30
5.3%
4.1%
Thursday 29 September 2022 12:30
8.9%
9.1%
Thursday 25 August 2022 12:30
8.7%
9%
Thursday 28 July 2022 12:30
7.9%
8.9%
Wednesday 29 June 2022 12:30
8.1%
8.3%
Thursday 26 May 2022 12:30
8%
8.1%
Thursday 28 April 2022 12:30
7.3%
8%
Wednesday 30 March 2022 12:30
7.2%
7.1%
Thursday 24 February 2022 13:30
6.9%
7.2%
Thursday 27 January 2022 13:30
6%
7%
Wednesday 22 December 2021 13:30
5.9%
5.9%
Wednesday 24 November 2021 13:30
5.7%
5.9%
Thursday 28 October 2021 12:30
5.5%
5.7%
Thursday 30 September 2021 12:30
6.1%
6.2%
Thursday 26 August 2021 12:30
6%
6.2%
Thursday 29 July 2021 12:30
5.4%
6.1%
Thursday 24 June 2021 12:30
4.3%
4.3%
Thursday 27 May 2021 12:30
4.1%
4.3%
Thursday 29 April 2021 12:30
2.5%
4.1%
Thursday 25 March 2021 12:30
2%
1.9%
Thursday 25 February 2021 13:30
2%
2%
Thursday 28 January 2021 13:30
2.4%
1.9%
Tuesday 22 December 2020 13:30
-2%
3.7%
Wednesday 25 November 2020 13:30
3.7%
3.7%
Thursday 29 October 2020 12:30
2.8%
3.7%
Wednesday 30 September 2020 12:30
-2%
-2.1%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product Price Index result:

PreviousLatest
S&P Global Composite PMIBearish change50.250.1
S&P Global Manufacturing PMIBullish change47.948.9
S&P Global Services PMIBearish change50.550.2
Existing Home Sales Change (MoM)Bullish change-2.2%-0.7%
Initial Jobless ClaimsBullish change221K201K
Philadelphia Fed Manufacturing SurveyBearish change12-13.5
Fed Interest Rate Decision(no change)5.5%5.5%
Interest Rate Projections - 1st yearBullish change4.6%5.1%
Interest Rate Projections - 2nd yearBullish change3.4%3.9%
Interest Rate Projections - 3rd yearBearish change3.1%2.9%
Interest Rate Projections - Current(no change)5.6%5.6%
Interest Rate Projections - Longer(no change)2.5%2.5%
Building Permits (MoM)Bullish change1.443M1.543M
Housing Starts (MoM)Bearish change1.447M1.283M
Michigan Consumer Sentiment IndexBearish change69.567.7
UoM 5-year Consumer Inflation ExpectationBearish change3%2.7%
Industrial Production (MoM)Bearish change0.7%0.4%
NY Empire State Manufacturing IndexBullish change-191.9
Initial Jobless ClaimsBearish change217K220K
Producer Price Index (MoM)Bullish change0.4%0.7%
Producer Price Index (YoY)Bullish change0.8%1.6%
Producer Price Index ex Food & Energy (MoM)Bearish change0.4%0.2%
Producer Price Index ex Food & Energy (YoY)Bearish change2.4%2.2%
Retail Sales (MoM)Bullish change0.5%0.6%
Retail Sales Control GroupBearish change0.7%0.1%
Retail Sales ex Autos (MoM)Bearish change0.7%0.6%
Monthly Budget StatementBullish change$-221B$89B
Consumer Price Index (MoM)Bullish change0.2%0.6%
Consumer Price Index (YoY)Bullish change3.2%3.7%
Consumer Price Index ex Food & Energy (MoM)Bullish change0.2%0.3%
Consumer Price Index ex Food & Energy (YoY)Bearish change4.7%4.3%

About Gross Domestic Product Price Index

Country:United States
Currency:USD
Source:US Bureau of Economic Analysis
Category:Economic Activity
Frequency:Quarterly

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