According to our analysis USDJPY and EURUSD moved 42 pips and BTC moved 437 points on US BLS Producer Price Index (PPI) data on 14 August 2025.

USDJPY (28 pips)

EURUSD (14 pips)

BTC (437 points)

Charts are exported from JForex (Dukascopy).

Key Takeaways: July 2025 PPI

1. Overall Movement

  • Final demand PPI rose 0.9% in July (seasonally adjusted).

  • On a 12-month basis, final demand prices were up 3.3%, the largest increase since February 2025.

2. Goods vs. Services

  • Services: Up 1.1%—major driver of the July increase.

    • Trade services (margins for wholesalers/retailers) jumped 2%.

    • Machinery & equipment wholesaling margins alone accounted for 30% of the rise.

    • Some declines: hospital outpatient care (-0.5%), furniture retailing, pipeline energy transport.

  • Goods: Up 0.7%.

    • Food: +1.4%, with fresh/dry vegetables +38.9%.

    • Energy: +0.9% (gasoline down 1.8%).

3. Core PPI (less food, energy, and trade services)

  • Rose 0.6% in July.

  • On a 12-month basis, up 2.8%—largest rise since March 2022.

Intermediate Demand (inputs for other goods/services)

  • Processed goods: +0.8%, driven by diesel fuel (+11.8%).

  • Unprocessed goods: +1.8%, led by raw milk (+9.1%).

  • Services: +0.8%, driven by financial and postal/courier services.

By Production Stage

  • Stage 1 (raw materials/services entering production): +1.1%

  • Stage 2: +0.5%

  • Stage 3: +1.1%

  • Stage 4 (finished goods/services before sale to final demand): +0.8%

This shows that price pressures are broad-based, affecting raw inputs and final goods/services, with notable jumps in food, energy, and trade/service margins.

Implications

  • Inflation signal: PPI rising at these rates suggests continuing cost pressures that could eventually feed into consumer prices (CPI).

  • Sector insights:

    • Food and energy remain volatile.

    • Trade margins are a major contributor, showing higher costs along distribution chains.

    • Financial services costs are climbing (portfolio management, securities).

Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.

Source: https://www.bls.gov/news.release/ppi.nr0.htm

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