Market Analysis: After CPI, PPI Becomes the Next Inflation Test

One-Sentence Summary

On August 13, markets are shifting their focus from CPI to the US July PPI and Core PPI, due at 15:30 (GMT+3 platform time), to assess whether producer-side costs are creating renewed inflation pressure.

Market Focus

Yesterday's CPI came broadly in line with expectations, meaning consumer-side inflation did not deliver a major new surprise.

However, inflation concerns are not over.

Today's PPI will provide the next important signal:

Are price pressures building at the producer level？

The market will closely watch the reaction in Treasury yields, the US dollar, and gold.

Key Market Levels

• Gold: US$4,409.09

• WTI Crude Oil: US$82.430

• US Dollar Index: 100.009

• US 10-Year Treasury Yield: 4.676%

Gold remains above US$4,400, while the dollar has returned near the 100 level.

What to Watch

• US July PPI and Core PPI — 15:30 GMT+3

• Whether PPI is above or below expectations

• Movement in US Treasury yields

• Whether DXY can remain near 100

• Whether gold can hold above US$4,400

• The impact of energy prices on future inflation

Market LogicCPI → PPI → Inflation Outlook → Interest Rates → US Dollar → Gold

If PPI comes in higher than expected, markets may reassess the possibility of persistent inflation and higher-for-longer interest rates.

If PPI remains moderate, the market may shift its attention back toward the US dollar, Treasury yields, and geopolitical developments.

Disclaimer

This content is for market information and opinion sharing only. It does not constitute investment advice. Financial markets involve risk, and investors should make independent decisions based on their own financial circumstances and risk tolerance.