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.

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Most recent - Wednesday 30 August 2023 12:30

2.2%

Revised

Forecast

2.2%

Actual

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

Forecast

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%

Thursday 27 July 2023 12:30

2.2%

Thursday 29 June 2023 12:30

4.2%

4.1%

Thursday 25 May 2023 12:30

4.1%

Thursday 27 April 2023 12:30

3.8%

Thursday 30 March 2023 12:30

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%

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

8.1%

Thursday 28 April 2022 12:30

7.3%

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

Wednesday 22 December 2021 13:30

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

6.2%

Thursday 29 July 2021 12:30

5.4%

6.1%

Thursday 24 June 2021 12:30

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

1.9%

Thursday 25 February 2021 13:30

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%

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:

		Previous	Latest
S&P Global Composite PMI	Bearish change	50.2	50.1
S&P Global Manufacturing PMI	Bullish change	47.9	48.9
S&P Global Services PMI	Bearish change	50.5	50.2
Existing Home Sales Change (MoM)	Bullish change	-2.2%	-0.7%
Initial Jobless Claims	Bullish change	221K	201K
Philadelphia Fed Manufacturing Survey	Bearish change	12	-13.5
Fed Interest Rate Decision	(no change)	5.5%	5.5%
Interest Rate Projections - 1st year	Bullish change	4.6%	5.1%
Interest Rate Projections - 2nd year	Bullish change	3.4%	3.9%
Interest Rate Projections - 3rd year	Bearish change	3.1%	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 change	1.443M	1.543M
Housing Starts (MoM)	Bearish change	1.447M	1.283M
Michigan Consumer Sentiment Index	Bearish change	69.5	67.7
UoM 5-year Consumer Inflation Expectation	Bearish change	3%	2.7%
Industrial Production (MoM)	Bearish change	0.7%	0.4%
NY Empire State Manufacturing Index	Bullish change	-19	1.9
Initial Jobless Claims	Bearish change	217K	220K
Producer Price Index (MoM)	Bullish change	0.4%	0.7%
Producer Price Index (YoY)	Bullish change	0.8%	1.6%
Producer Price Index ex Food & Energy (MoM)	Bearish change	0.4%	0.2%
Producer Price Index ex Food & Energy (YoY)	Bearish change	2.4%	2.2%
Retail Sales (MoM)	Bullish change	0.5%	0.6%
Retail Sales Control Group	Bearish change	0.7%	0.1%
Retail Sales ex Autos (MoM)	Bearish change	0.7%	0.6%
Monthly Budget Statement	Bullish change	$-221B	$89B
Consumer Price Index (MoM)	Bullish change	0.2%	0.6%
Consumer Price Index (YoY)	Bullish change	3.2%	3.7%
Consumer Price Index ex Food & Energy (MoM)	Bullish change	0.2%	0.3%
Consumer Price Index ex Food & Energy (YoY)	Bearish change	4.7%	4.3%

About Gross Domestic Product Price Index

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

Related events

	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		NBS Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Eurozone		S&P Global Composite PMI
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		S&P Global/CIPS Services PMI
	United Kingdom		Gross Domestic Product (QoQ)
	United States		ISM Manufacturing PMI
	United States		Gross Domestic Product Annualized
	United States		Nondefense Capital Goods Orders ex Aircraft
	United States		ISM Services PMI
	United States		Durable Goods Orders
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		S&P Global Services PMI
	Australia		AiG Performance of Mfg Index
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		KOF Leading Indicator
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		Caixin Manufacturing PMI
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		S&P Global/BME Manufacturing PMI
	Germany		IFO – Expectations
	Germany		S&P Global/BME Composite PMI
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Germany		Factory Orders s.a. (MoM)
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Manufacturing PMI
	Eurozone		S&P Global Services PMI
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		S&P Global Manufacturing PMI
	France		Gross Domestic Product (QoQ)
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Italy		S&P Global Services PMI
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Industrial Production (YoY)
	Japan		Gross Domestic Product Annualized
	Japan		Industrial Production (MoM)
	New Zealand		Business NZ PMI
	New Zealand		NZIER Business Confidence (QoQ)
	Poland		Purchasing Manager Index
	United Kingdom		Manufacturing Production (MoM)
	United Kingdom		S&P Global/CIPS Composite PMI
	United Kingdom		Manufacturing Production (YoY)
	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		NIESR GDP Estimate (3M)
	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		Durable Goods Orders ex Defense
	United States		S&P Global Manufacturing PMI
	United States		S&P Global Services PMI
	United States		Chicago Fed National Activity Index
	United States		Factory Orders (MoM)
	United States		ISM Services New Orders Index
	United States		ISM Manufacturing New Orders Index
	United States		Philadelphia Fed Manufacturing Survey
	United States		S&P Global Composite PMI
	United States		Chicago Purchasing Managers' Index
	United States		Durable Goods Orders ex Transportation

Calendar - Gross Domestic Product Price Index - United States

Gross Domestic Product Price Index

Most recent - Wednesday 30 August 2023 12:30

Next event - Thursday 28 September 2023 12:30

Trading range

Trading range after each Gross Domestic Product Price Index event

Forecast history

Past events

Economic context

About Gross Domestic Product Price Index

Related events