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.

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United States Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
118.90 118.40 119.20 100.20 2009 - 2020 points Monthly
2009M11=100; SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-10 12:30 PM Jun -0.2% 0.4% 0.4% 0.3%
2020-08-11 12:30 PM Jul 0.6% -0.2% 0.3% 0.3%
2020-09-10 12:30 PM Aug 0.3% 0.6% 0.2% 0.2%
2020-10-14 12:30 PM Sep 0.4% 0.3% 0.2% 0.3%


News Stream
US Producer Prices Rise More than Expected
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.
2020-10-14
US Producer Prices Rise More than Expected
Producer prices for final demand in the US increased 0.3 percent from a month earlier in August 2020, following a 0.6 percent rise in July and above market expectations of a 0.2 percent gain. Cost of goods advanced 0.1 percent, after increasing 0.8 percent in the prior month, led by plastic resins and materials. Prices of services went up 0.5 percent, the same pace as in July. Year-on-year, producer prices dropped 0.2 percent, after falling 0.4 percent in the prior month and compared to forecasts of a 0.3 percent decline. The core index which excludes food and energy went up 0.4 percent month-over-month, easing from a 0.5 percent rise in July. The annual rate increased 0.6 percent, following a 0.3 percent gain in the previous month.
2020-09-10
US Producer Prices Rise the Most in Nearly 2 Years
Producer prices for final demand in the US rose 0.6 percent from a month earlier in July 2020, reversing a 0.2 percent decline in June and compared to market forecasts of a 0.3 percent rise. It was the largest increase in producer prices since October 2018 mainly boosted by a jump in energy cost following the easing of coronavirus-induced restrictions. Meanwhile, services prices moved up 0.5 percent, the largest advance since April 2019. Prices for final demand less foods, energy, and trade services advanced 0.3 percent in July, also above forecasts of 0.1 percent. On a yearly basis, producer prices were down 0.4 percent, while the core index edged up 0.1 percent, following three straight months of decreases.
2020-08-11
US Producer Prices Unexpectedly Fall in June
Producer prices for final demand in the US fell 0.2 percent month-over-month in June of 2020, following a 0.4 percent increase in May and compared to market forecasts of a 0.4 percent rise. Prices of services were down 0.3 percent, the largest decrease since February, due to a 1.8 percent plunge in margins for final demand trade services, namely machinery and vehicle wholesaling. Cost of goods went up 0.2 percent, led by a 7.7 percent jump in energy, namely gasoline. Year-on-year, producer prices declined 0.8 percent, the same as in May and compared to forecasts of a smaller 0.2 percent decrease. The core index which excludes food and energy fell 0.3 percent month-over-month, following a 0.1 percent drop in the previous month and missing market expectations of a 0.1 percent increase. The annual rate slowed to 0.1 percent from 0.3 percent in May.
2020-07-10

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.