Producer prices for final demand in the US slumped 1.3 percent from a month earlier in April of 2020, the largest decline on record and much worse than market forecasts of a 0.5 percent drop. Over 80 percent of the decrease can be traced to a 3.3 percent drop in prices for final demand goods, namely a 56.6 percent plunge in gasoline cost after international crude prices turned negative during the month for the first time in history amid storage concerns. The indexes for jet fuel, diesel fuel, basic organic chemicals, home heating oil, and corn also moved lower. In contrast, prices for beef and veal rose 12.6 percent. The indexes for distilled and bottled liquor (excluding brandy) and for electric power also increased. Prices for final demand services moved down 0.2 percent. Year-on-year, producer prices declined 1.2 percent, the largest decrease since November of 2015.

Producer Prices in the United States averaged 110.39 points from 2009 until 2020, reaching an all time high of 119.40 points in January of 2020 and a record low of 100.20 points in November of 2009. This page provides the latest reported value for - United States Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.

Producer Prices in the United States is expected to be 115.84 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in the United States to stand at 119.57 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 121.54 points in 2021 and 124.10 points in 2022, according to our econometric models.

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United States Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
117.00 118.50 119.40 100.20 2009 - 2020 points Monthly
2009M11=100; SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-19 01:30 PM Jan 0.5% 0.2% 0.1% 0.2%
2020-03-12 12:30 PM Feb -0.6% 0.5% -0.1% 0.0%
2020-04-09 12:30 PM Mar -0.2% -0.6% -0.4% -0.5%
2020-05-13 12:30 PM Apr -1.3% -0.2% -0.5% -0.6%


News Stream
US Producer Prices Fall at a Record 1.3% Due to Oil
Producer prices for final demand in the US slumped 1.3 percent from a month earlier in April of 2020, the largest decline on record and much worse than market forecasts of a 0.5 percent drop. Over 80 percent of the decrease can be traced to a 3.3 percent drop in prices for final demand goods, namely a 56.6 percent plunge in gasoline cost after international crude prices turned negative during the month for the first time in history amid storage concerns. The indexes for jet fuel, diesel fuel, basic organic chemicals, home heating oil, and corn also moved lower. In contrast, prices for beef and veal rose 12.6 percent. The indexes for distilled and bottled liquor (excluding brandy) and for electric power also increased. Prices for final demand services moved down 0.2 percent. Year-on-year, producer prices declined 1.2 percent, the largest decrease since November of 2015.
2020-05-13
US Producer Prices Fall Less than Expected
Producer prices for final demand in the US fell 0.2 percent from a month earlier in March of 2020, after declining 0.6 percent in February and compared with market expectations of a 0.4 percent decrease. Cost of goods went down 1 percent, the largest decline since moving down 1.1 percent in September of 2015, mainly due to a 6.7 percent drop in energy costs. In contrast, prices of services increased 0.2 percent, mainly due to a 8.1 percent rise in margins for apparel, jewelry, footwear, and accessories retailing. Core producer prices were 0.2 percent higher, above forecasts of a flat reading. Year-on-year, the PPI advanced 0.7 percent, the lowest rate since September of 2016.
2020-04-09
US Producer Prices Post Biggest Drop in 5 Years
Producer prices for final demand in the US fell 0.6 percent from a month earlier in February 2020, after rising 0.5 percent in January and compared with market expectations of a 0.1 percent decrease. It was the biggest monthly decline in producer prices since January 2015, as cost of goods dropped the most in over four years (-0.9 percent vs 0.1 percent in January), mainly due to gasoline. Also, services prices went down 0.3 percent (vs 0.7 percent in January), namely apparel, jewelry, footwear, and accessories retailing. Cost of airline tickets and hotel accommodation recorded its biggest decline since April 2009, amid the coronavirus outbreak. Core producer prices were 0.3 percent lower, below forecasts of a 0.1 percent gain. Year-on-year, the PPI advanced 1.3 percent, easing from a 2.1 percent rise in the prior month.
2020-03-12
US Producer Prices Post Biggest Gain in Over a Year
Producer prices for final demand in the US edged up 0.5 percent from the previous month in January of 2020, after a revised 0.2 percent gain in December and beating market expectations of 0.1 percent rise. It was the biggest monthly gain in producer prices since October of 2018, as services prices rose 0.7 percent (vs a flat reading in December), boosted by margins for apparel, jewelry, footwear, and accessories retailing. Meanwhile, goods cost advanced 0.1 percent (vs 0.3 percent in December), with a 13.9 percent rise for prices of iron and steel scrap contributing the most to the advance in the index. Core producer prices were also 0.5 percent higher, missing forecasts of 0.1 percent. Year-on-year, the PPI rose 2.1 percent, the largest advance since May 2019.
2020-02-19

United States Producer Prices
In the United States, the Producer Price Index for final demand measures price change for commodities sold for personal consumption, capital investment, government, and export. It is composed of six main price indexes: final demand goods (33 percent of the total weight), which includes food and energy; final demand trade services (20 percent); final demand transportation and warehousing services (4 percent); final demand services less trade, transportation, and warehousing (41 percent); final demand construction (2 percent); and overall final demand.