Producer prices for final demand in the US rose 1 percent from a month earlier in March 2021, following a 0.5 percent increase in January and easily beating market expectations of a 0.5 percent advance. Cost for goods climbed 1.7 percent, the largest increase since the index began in December 2009, boosted by a 5.9 percent jump in energy prices. Over one-fourth of the goods price increase was traced to an 8.8 percent advance in gasoline prices. The indexes for diesel fuel, residential electric power, industrial chemicals, steel mill products, and processed poultry also moved higher. Meanwhile, cost for services rose 0.7 percent, the third consecutive advance, mainly attributable to margins for final demand trade services. The core index, which excludes foods and energy, was 0.7 percent higher in March, also beating consensus of 0.2 percent. Year-on-year, producer prices jumped 4.2 percent, the biggest increase since September 2011, and the core index increased 3.1 percent. source: U.S. Bureau of Labor Statistics
Producer Prices in the United States averaged 111.12 points from 2009 until 2021, reaching an all time high of 123.10 points in March of 2021 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 April of 2021.
Producer Prices in the United States is expected to be 120.44 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 125.07 in 12 months time. In the long-term, the United States Producer Prices is projected to trend around 124.05 points in 2022 and 126.65 points in 2023, according to our econometric models.