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.

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United States Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
123.10 121.90 123.10 100.20 2009 - 2021 points Monthly
2009M11=100; SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-15 01:30 PM Dec 0.3% 0.1% 0.4% 0.2%
2021-02-17 01:30 PM Jan 1.3% 0.3% 0.4% 0.3%
2021-03-12 01:30 PM Feb 0.5% 1.3% 0.5% 0.3%
2021-04-09 12:30 PM Mar 1% 0.5% 0.5% 0.4%


News Stream
US Producer Prices Rise More than Forecast
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.
2021-04-09
US Producer Prices Rise 0.5% in February
Producer prices for final demand in the US rose 0.5 percent from a month earlier in February 2021, slowing from a 1.3 percent increase in January, which was the largest advance since the series began in December 2009. Goods prices climbed 1.4 percent, boosted by a 6.0 percent jump in energy prices and a 1.3 percent gain in food cost. Meanwhile, services prices were almost unchanged. The core index which excludes foods and energy was 0.2 percent higher in February, also matching expectations of 0.2 percent. Year-on-year, producer prices went up 2.8 percent, the biggest increase since October 2018, and the core index increased 2.5 percent.
2021-03-12
US Producer Prices Rise Most on Record
Producer prices for final demand in the US jumped 1.3 percent from a month earlier in January 2021, following a 0.3 percent increase in December and easily beating market consensus of a 0.4 percent gain. It was the largest advance since the series began in December 2009, mainly due to a record 1.3 percent rise in cost of services. Prices for final demand services less trade, transportation, and warehousing climbed 1.4 percent, while the indexes for final demand trade services and for final demand transportation and warehousing services also moved higher, 1.0 percent and 1.3 percent, respectively. Meanwhile, goods prices moved up 1.4 percent, the largest increase since May 2020, due to a 5.1 percent jump in energy cost. On a yearly basis, producer prices advanced 1.7 percent in January, also beating forecasts of 0.9 percent.
2021-02-17
US Producer Prices Rise Slightly Less than Expected
Producer prices for final demand in the US increased 0.3 percent from a month earlier in December of 2020, following a 0.1 percent rise in November and slightly lower than market consensus of a 0.4 percent gain. Prices of goods went up 1.1 percent, the largest increase since moving up 1.5 percent in May. Nearly half of the December increase is due to gasoline prices, which jumped 16.1 percent. The indexes for iron and steel, diesel fuel, jet fuel, meats, and home heating oil also moved higher. In contrast, prices of services edged down 0.1 percent, the first decrease since falling 0.4 percent in April. Leading the December decline, margins for final demand trade services decreased 0.8 percent and cost of transportation and warehousing services edged down 0.1 percent. Year-on-year, producer prices went up 0.8 percent, the same as in November.
2021-01-15

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.