US producer prices excluding food and energy went up 0.5 percent month-over-month in October of 2018 after rising 0.2 percent in September and above market expectations of a 0.2 percent gain. Year-on-year, core producer prices increased 2.6 percent, up from a 2.5 percent rise in September and also above forecasts of a 2.3 percent increase. Core Producer Prices in the United States averaged 107.58 Index Points from 2010 until 2018, reaching an all time high of 115.50 Index Points in September of 2018 and a record low of 99.90 Index Points in April of 2010.
Core Producer Prices in the United States is expected to be 116.45 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Producer Prices in the United States to stand at 118.04 in 12 months time. In the long-term, the United States Producer Prices Final Demand Less Foods and Energy is projected to trend around 122.75 Index Points in 2020, according to our econometric models.