SPY & Producer Price Index
A measure of the average change over time in the selling prices received by domestic producers for their output.
SPY Price
PPI YoY
What It Measures
The Producer Price Index measures inflation at the wholesale/producer level, tracking prices received by producers before goods reach consumers. It covers: - **Final Demand**: Goods and services sold for personal consumption, capital investment, government, and export - **Intermediate Demand**: Goods and services sold to businesses for production PPI is often considered a leading indicator for consumer inflation, as producer cost increases are eventually passed through to consumers.
Why It Matters
**Leading Indicator**: Rising producer prices often precede consumer price increases. **Profit Margins**: Shows whether businesses can pass costs to consumers or must absorb them. **Supply Chain Insights**: Reveals cost pressures at different stages of production. **Fed Consideration**: While the Fed targets consumer prices, PPI provides early warning of inflation trends.
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-01-22)
PPI: PPIACO - Producer Price Index from U.S. Bureau of Labor Statistics
Units: Index 1982=100, Not Seasonally Adjusted, Monthly