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 - Thursday 29 August 2024 12:30

Previous
2.3%
Revised
-
Forecast
2.3%
Actual
2.5%

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

Next event - Thursday 26 September 2024 12:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for Gross Domestic Product Price Index yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product Price Index was 2.5% against a forecast of 2.3%.

Past events

Date
Forecast
Actual
Thursday 29 August 2024 12:30
2.3%
2.5%
Thursday 25 July 2024 12:30
2.6%
2.3%
Thursday 27 June 2024 12:30
3.1%
3.1%
Thursday 30 May 2024 12:30
3.1%
3.1%
Thursday 25 April 2024 12:30
-
3.1%
Thursday 28 March 2024 12:30
1.7%
1.7%
Wednesday 28 February 2024 13:30
1.5%
1.7%
Thursday 25 January 2024 13:30
-
1.5%
Thursday 21 December 2023 13:30
-
3.3%
Wednesday 29 November 2023 13:30
3.5%
3.5%
Thursday 26 October 2023 12:30
2.5%
3.5%
Thursday 28 September 2023 12:30
2%
1.7%
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%

Economic context

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

PreviousLatest
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)Bullish change3.6%3.8%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBullish change89K142K
U6 Underemployment RateBearish change7.8%7.9%
Unemployment RateBullish change4.3%4.2%
ISM Services Employment IndexBearish change51.150.2
ISM Services New Orders IndexBullish change52.453
ISM Services PMIBullish change51.451.5
ISM Services Prices PaidBullish change5757.3
S&P Global Composite PMIBullish change54.154.6
Initial Jobless ClaimsBullish change232K227K
Nonfarm ProductivityBullish change2.3%2.5%
Unit Labor CostsBearish change0.9%0.4%
ADP Employment ChangeBearish change111K99K
Challenger Job CutsBullish change25.885K75.891K
Factory Orders (MoM)Bullish change-3.3%5%
JOLTS Job OpeningsBearish change7.91M7.673M
ISM Manufacturing Employment IndexBullish change43.446
ISM Manufacturing New Orders IndexBearish change47.444.6
ISM Manufacturing PMIBullish change46.847.2
ISM Manufacturing Prices PaidBullish change52.954
Michigan Consumer Sentiment IndexBullish change67.867.9
UoM 5-year Consumer Inflation Expectation(no change)3%3%
Chicago Purchasing Managers' IndexBullish change45.346.1
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.6%2.6%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.2%
Personal Consumption Expenditures - Price Index (YoY)(no change)2.5%2.5%
Personal Income (MoM)Bullish change0.2%0.3%
Personal SpendingBullish change0.3%0.5%
Pending Home Sales (MoM)Bearish change4.8%-5.5%
Core Personal Consumption Expenditures (QoQ)Bearish change2.9%2.8%
Gross Domestic Product AnnualizedBullish change2.8%3%
Initial Jobless ClaimsBullish change233K231K
Personal Consumption Expenditures Prices (QoQ)Bearish change2.6%2.5%
Housing Price Index (MoM)Bearish change0%-0.1%
Durable Goods OrdersBullish change-6.9%9.9%
Durable Goods Orders ex DefenseBullish change-7.5%10.4%
Durable Goods Orders ex TransportationBearish change0.1%-0.2%
Nondefense Capital Goods Orders ex AircraftBearish change0.5%-0.1%

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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