Producer prices for final demand in the US increased 0.4 percent from a month earlier in September of 2020, following a 0.3 percent rise in August and above market expectations of a 0.2 percent gain. Cost of goods advanced 0.4 percent, after increasing 0.1 percent in the prior month, led by a 14.7 percent rise in cost for iron and steel. Prices of services went up 0.4 percent, lower than 0.5 percent in August, led by a 3.9 percent advance in the index for traveler accommodation services. Year-on-year, producer prices went up 0.4 percent, after falling 0.2 percent in the prior month and compared to forecasts of a 0.2 percent gain. The core index which excludes food and energy went up 0.4 percent month-over-month, the same as in August. The annual rate increased to 1.2 percent from 0.6 percent.
Producer Prices in the United States averaged 110.67 points from 2009 until 2020, reaching an all time high of 119.20 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 October of 2020.
Producer Prices in the United States is expected to be 120.68 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 120.45 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 122.86 points in 2021 and 125.44 points in 2022, according to our econometric models.