April 2026 PPI Report
Wednesday, April 1, 2026
PPI printed at 156.50, a +1.38% move from the prior reading of 154.37.
What to Watch For
- •Headline PPI year-over-year
- •Core PPI (ex food and energy)
- •Services vs goods split
- •PCE-relevant components: healthcare, airfares, portfolio management
- •Raw materials prices
- •Prior-month revisions
Expected Market Reaction
Similar to CPI but with smaller magnitude on headline; outsized reaction when PCE-linkage components surprise. Hot PCE components: rates up, equities down. Cold PCE components: rates down, equities up.
Related Assets Around the Release
Related Scenarios
What happens to markets when CPI inflation data comes in hotter than expected? Bond selloffs, Fed hawkishness, and portfolio positioning explained.
What happens when the bond market prices in deflation? When breakeven inflation crashes below the Fed target, it signals a deflationary spiral that changes the playbook for every asset.
Analysis Around This Release
With WTI at $111.54 and PPI accelerating, signaling fewer cuts isn't hawkish optionality, it's capitulation to the regime.
While markets fixate on CPI headlines, a quieter upstream surge is building the next wave of consumer price pressure.
Get release-day analysis and market reaction framing before consensus forms.